LegalZoom.com, Inc. (NASDAQ:LZ) Receives $11.50 Consensus Target Price from Brokerages

LegalZoom.com, Inc. (NASDAQ:LZ) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.50.

A number of research firms recently weighed in on LZ. JPMorgan Chase & Co. raised their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Morgan Stanley boosted their target price on LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, November 13th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of LegalZoom.com in a research report on Monday, December 15th. Finally, Barclays upped their price objective on LegalZoom.com from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th.

LegalZoom.com Stock Performance

Shares of LZ opened at $10.21 on Monday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 85.09, a P/E/G ratio of 3.79 and a beta of 1.23. LegalZoom.com has a 52 week low of $6.47 and a 52 week high of $12.40. The stock has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $9.80.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $190.16 million during the quarter, compared to analysts’ expectations of $183.27 million. LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. On average, equities analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current year.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $9.56, for a total value of $143,400.00. Following the completion of the sale, the chief financial officer directly owned 1,551,582 shares of the company’s stock, valued at $14,833,123.92. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicole Miller sold 23,506 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total value of $226,362.78. Following the transaction, the insider owned 868,627 shares of the company’s stock, valued at $8,364,878.01. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.90% of the company’s stock.

Institutional Trading of LegalZoom.com

A number of institutional investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new position in LegalZoom.com in the 4th quarter valued at approximately $185,000. Deutsche Bank AG boosted its holdings in shares of LegalZoom.com by 71.8% in the first quarter. Deutsche Bank AG now owns 778,491 shares of the company’s stock worth $6,703,000 after acquiring an additional 325,310 shares during the period. Swiss National Bank grew its position in shares of LegalZoom.com by 5.8% in the first quarter. Swiss National Bank now owns 200,900 shares of the company’s stock valued at $1,730,000 after purchasing an additional 11,000 shares in the last quarter. Invesco Ltd. grew its position in shares of LegalZoom.com by 65.8% in the first quarter. Invesco Ltd. now owns 199,952 shares of the company’s stock valued at $1,722,000 after purchasing an additional 79,384 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in LegalZoom.com during the 1st quarter worth about $18,585,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

About LegalZoom.com

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.