Federated Hermes Inc. Sells 13,745 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Federated Hermes Inc. lessened its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,879 shares of the company’s stock after selling 13,745 shares during the period. Federated Hermes Inc. owned approximately 0.12% of LegalZoom.com worth $2,519,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in LegalZoom.com by 58.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,261 shares of the company’s stock worth $229,000 after purchasing an additional 7,469 shares during the period. Strs Ohio grew its position in LegalZoom.com by 8.1% in the 4th quarter. Strs Ohio now owns 68,000 shares of the company’s stock worth $768,000 after purchasing an additional 5,100 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of LegalZoom.com by 3,195.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 943,856 shares of the company’s stock valued at $10,666,000 after acquiring an additional 915,214 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of LegalZoom.com by 405.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 14,443 shares of the company’s stock valued at $164,000 after acquiring an additional 11,585 shares during the period. Finally, New York State Teachers Retirement System grew its position in shares of LegalZoom.com by 686.8% during the 4th quarter. New York State Teachers Retirement System now owns 10,606 shares of the company’s stock valued at $120,000 after acquiring an additional 9,258 shares during the period. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $12.48 on Friday. The company has a market capitalization of $2.36 billion, a P/E ratio of 156.00, a P/E/G ratio of 4.30 and a beta of 1.23. The company has a fifty day moving average of $12.56 and a 200 day moving average of $11.44. LegalZoom.com, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $15.68.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $158.66 million during the quarter, compared to the consensus estimate of $156.25 million. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. Analysts forecast that LegalZoom.com, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. JMP Securities reissued a “market outperform” rating and set a $14.00 price objective on shares of LegalZoom.com in a research report on Friday, April 12th. Barclays cut their price objective on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.36.

Insiders Place Their Bets

In other LegalZoom.com news, Director John Francis Murphy sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now owns 40,507 shares in the company, valued at approximately $505,122.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other LegalZoom.com news, Director John Francis Murphy sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now owns 40,507 shares in the company, valued at approximately $505,122.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nicole Miller sold 24,557 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total transaction of $239,430.75. Following the completion of the sale, the executive vice president now owns 208,641 shares in the company, valued at approximately $2,034,249.75. The disclosure for this sale can be found here. Insiders have sold a total of 60,555 shares of company stock worth $664,688 in the last 90 days. 44.60% of the stock is currently owned by corporate insiders.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company's platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.