LegalZoom.com, Inc. (NASDAQ:LZ) Receives $10.83 Consensus Price Target from Brokerages

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.8333.

A number of research analysts have weighed in on LZ shares. Weiss Ratings reissued a “hold (c-)” rating on shares of LegalZoom.com in a report on Wednesday, October 8th. Barclays raised their price objective on LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Citigroup raised their price objective on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised LegalZoom.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd.

LegalZoom.com Trading Up 0.5%

LegalZoom.com stock opened at $10.29 on Friday. The business’s fifty day simple moving average is $10.50 and its two-hundred day simple moving average is $9.38. LegalZoom.com has a 12 month low of $6.47 and a 12 month high of $11.93. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 64.32, a price-to-earnings-growth ratio of 3.14 and a beta of 1.23.

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

Insider Buying and Selling

In related news, insider Nicole Miller sold 25,154 shares of the 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 completion of the sale, the insider owned 960,032 shares in the company, valued at approximately $10,387,546.24. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the sale, the chief financial officer owned 1,676,426 shares of the company’s stock, valued at $18,558,035.82. This represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 109,859 shares of company stock worth $1,193,100. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of LegalZoom.com

Large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in LegalZoom.com in the 3rd quarter worth approximately $34,000. Quantbot Technologies LP purchased a new position in shares of LegalZoom.com in the 1st quarter worth approximately $29,000. Osaic Holdings Inc. boosted its holdings in shares of LegalZoom.com by 477.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after purchasing an additional 3,766 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of LegalZoom.com by 976.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $41,000 after purchasing an additional 4,140 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of LegalZoom.com in the 2nd quarter worth approximately $78,000. Institutional investors own 81.99% of the company’s stock.

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.