Savant Capital LLC Takes $163,000 Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Savant Capital LLC bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) during the 4th quarter, Holdings Channel reports. The fund bought 21,666 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its stake in LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after purchasing an additional 3,732 shares during the period. Nisa Investment Advisors LLC grew its stake in LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after purchasing an additional 3,919 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in LegalZoom.com by 72.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 22,278 shares of the company’s stock worth $141,000 after purchasing an additional 9,330 shares during the period. Wexford Capital LP bought a new stake in LegalZoom.com in the third quarter worth $64,000. Finally, Creative Planning bought a new stake in LegalZoom.com in the third quarter worth $72,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $9.05 on Thursday. The stock has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $7.46. The firm has a market capitalization of $1.56 billion, a PE ratio of 69.62, a P/E/G ratio of 1.80 and a beta of 1.13. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Barclays boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.06.

LegalZoom.com Company Profile

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.