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

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.50.

Several equities research analysts have recently commented on the company. Citigroup upped their target price on LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Wall Street Zen lowered shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Friday. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. Barclays boosted their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Finally, Bank of America raised shares of LegalZoom.com from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $12.00 in a research note on Friday, August 8th.

Insider Activity

In other LegalZoom.com news, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total transaction of $272,166.28. Following the transaction, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.07, for a total value of $302,421.33. Following the completion of the transaction, the chief financial officer owned 1,676,426 shares in the company, valued at $18,558,035.82. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,859 shares of company stock worth $1,193,100. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LZ. EP Wealth Advisors LLC lifted its position in LegalZoom.com by 2.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock worth $368,000 after buying an additional 1,139 shares in the last quarter. Arizona State Retirement System increased its stake in shares of LegalZoom.com by 6.1% in the first quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock worth $256,000 after acquiring an additional 1,697 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LegalZoom.com by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock worth $646,000 after acquiring an additional 2,161 shares in the last quarter. State of Wyoming raised its holdings 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 worth $63,000 after acquiring an additional 2,475 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in LegalZoom.com by 4.2% during the second quarter. Arkadios Wealth Advisors now owns 73,000 shares of the company’s stock valued at $650,000 after purchasing an additional 2,924 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Performance

LegalZoom.com stock opened at $10.32 on Friday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 64.50, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. LegalZoom.com has a 1 year low of $6.16 and a 1 year high of $11.93. The firm’s 50 day moving average price is $9.73 and its two-hundred day moving average price is $9.02.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $192.51 million during the quarter, compared to analyst estimates of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that LegalZoom.com will post 0.25 EPS 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.