LegalZoom.com, Inc. (NASDAQ:LZ) Receives Average Rating of “Hold” from Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.08.

LZ has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. JMP Securities reiterated 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 research report on Friday, May 30th. Finally, Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LZ. Brighton Jones LLC purchased a new position in shares of LegalZoom.com during the fourth quarter valued at approximately $185,000. Charles Schwab Investment Management Inc. boosted its position in shares of LegalZoom.com by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock valued at $9,258,000 after buying an additional 34,914 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of LegalZoom.com during the fourth quarter valued at approximately $1,447,000. Cibc World Markets Corp purchased a new position in shares of LegalZoom.com during the fourth quarter valued at approximately $90,000. Finally, Magnetar Financial LLC purchased a new position in shares of LegalZoom.com during the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $8.84 on Friday. LegalZoom.com has a 12-month low of $5.56 and a 12-month high of $10.60. The stock’s 50-day moving average price is $9.06 and its 200-day moving average price is $8.64. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 3.77 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The firm had revenue of $183.11 million for the quarter, compared to analysts’ expectations of $176.17 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that LegalZoom.com will post 0.25 EPS for the current fiscal year.

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.