Brokerages Set LegalZoom.com, Inc. (NASDAQ:LZ) PT at $9.79

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been assigned an average rating of “Reduce” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $8.67.

Several equities analysts recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Jefferies Financial Group raised shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, July 31st. Barclays increased their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $8.00 price target on shares of LegalZoom.com in a research report on Friday, November 8th. Finally, William Blair assumed coverage on LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating on the stock.

Institutional Trading of LegalZoom.com

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. grew its position in LegalZoom.com by 8.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 13,345 shares of the company’s stock worth $178,000 after purchasing an additional 1,074 shares during the last quarter. nVerses Capital LLC grew its position in LegalZoom.com by 16.2% during the third quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock worth $100,000 after buying an additional 2,200 shares in the last quarter. Ascent Group LLC grew its position in LegalZoom.com by 27.6% during the first quarter. Ascent Group LLC now owns 13,650 shares of the company’s stock worth $182,000 after buying an additional 2,950 shares in the last quarter. Quarry LP increased its stake in LegalZoom.com by 318.9% during the second quarter. Quarry LP now owns 4,474 shares of the company’s stock valued at $38,000 after acquiring an additional 3,406 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after acquiring an additional 3,919 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Down 3.3 %

LegalZoom.com stock opened at $7.73 on Friday. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The stock has a market cap of $1.34 billion, a P/E ratio of 59.46, a P/E/G ratio of 1.84 and a beta of 1.06. The company’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $7.46.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities research analysts expect 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.