LegalZoom.com, Inc. (NASDAQ:LZ) Receives $8.64 Average Target Price from Analysts

LegalZoom.com, Inc. (NASDAQ:LZ) has been assigned an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.64.

LZ has been the subject of several recent analyst reports. William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Wall Street Zen upgraded LegalZoom.com from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Finally, Barclays upped their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th.

Institutional Investors Weigh In On LegalZoom.com

Several hedge funds and other institutional investors have recently modified their holdings of LZ. Quantbot Technologies LP acquired a new position in LegalZoom.com during the 1st quarter valued at about $29,000. State of Wyoming boosted its position in shares of LegalZoom.com by 42.1% during the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after buying an additional 2,475 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of LegalZoom.com during the fourth quarter valued at approximately $76,000. Olympiad Research LP bought a new stake in LegalZoom.com during the fourth quarter worth $78,000. Finally, Quantessence Capital LLC purchased a new stake in LegalZoom.com in the 4th quarter valued at $78,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of NASDAQ LZ opened at $8.58 on Monday. The firm has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $8.54. The stock has a market cap of $1.55 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 3.75 and a beta of 1.25. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $10.60.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. LegalZoom.com’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts predict that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

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.