, Inc. (NASDAQ:LZ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of, Inc. (NASDAQ:LZGet Rating) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.25.

LZ has been the subject of a number of recent research reports. JMP Securities restated a “buy” rating and set a $31.00 price objective on shares of in a research note on Thursday, March 24th. Citigroup upgraded shares of from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $20.00 in a research report on Wednesday, April 20th. Credit Suisse Group cut their price objective on shares of from $40.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. Barclays decreased their target price on shares of from $32.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. Finally, Morgan Stanley lifted their price target on from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, March 23rd. stock opened at $11.74 on Thursday. has a 1 year low of $10.16 and a 1 year high of $40.94. The firm’s 50-day moving average is $13.26 and its 200-day moving average is $14.53. The company has a market cap of $2.33 billion and a P/E ratio of -15.25. (NASDAQ:LZGet Rating) last issued its earnings results on Thursday, May 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $154.21 million during the quarter, compared to analyst estimates of $150.66 million. had a negative net margin of 21.77% and a negative return on equity of 1,446.94%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts expect that will post -0.22 EPS for the current year.

A number of large investors have recently made changes to their positions in LZ. Covestor Ltd acquired a new position in during the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of during the 1st quarter valued at about $27,000. Citigroup Inc. acquired a new position in shares of in the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd acquired a new stake in during the third quarter valued at approximately $35,000. Finally, MetLife Investment Management LLC bought a new stake in during the first quarter worth approximately $63,000. 51.19% of the stock is currently owned by hedge funds and other institutional investors. Company Profile (Get Rating), Inc operates an online platform for legal and compliance solutions in the United States. The company's platform offers products and services, including business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation and bookkeeping services.

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Analyst Recommendations for (NASDAQ:LZ)

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