LegalZoom.com, Inc. $LZ Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 82.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 94,670 shares of the company’s stock after selling 439,441 shares during the period. SG Americas Securities LLC’s holdings in LegalZoom.com were worth $537,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LZ. Osaic Holdings Inc. increased its position in shares of LegalZoom.com by 477.3% during the second quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock valued at $41,000 after acquiring an additional 3,766 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 4,140 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of LegalZoom.com by 8,589.8% during the 3rd quarter. Parallel Advisors LLC now owns 5,127 shares of the company’s stock worth $53,000 after purchasing an additional 5,068 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of LegalZoom.com by 91.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,433 shares of the company’s stock worth $74,000 after purchasing an additional 3,550 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in LegalZoom.com in the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, insider Nicole Miller sold 19,199 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $6.58, for a total transaction of $126,329.42. Following the completion of the transaction, the insider owned 1,119,222 shares in the company, valued at $7,364,480.76. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeffrey M. Stibel acquired 125,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $6.15 per share, for a total transaction of $768,750.00. Following the completion of the transaction, the chief executive officer owned 2,955,609 shares in the company, valued at approximately $18,176,995.35. The trade was a 4.42% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 5.90% of the company’s stock.

LegalZoom.com Trading Up 4.1%

NASDAQ:LZ opened at $7.33 on Wednesday. The firm has a market cap of $1.26 billion, a PE ratio of 122.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.31. The stock has a fifty day moving average price of $6.18 and a 200 day moving average price of $7.10. LegalZoom.com, Inc. has a 12-month low of $5.22 and a 12-month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $206.78 million for the quarter, compared to analysts’ expectations of $202.14 million. LegalZoom.com had a return on equity of 11.53% and a net margin of 1.46%.LegalZoom.com’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities analysts forecast that LegalZoom.com, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LZ. Citigroup cut their target price on LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LegalZoom.com in a research note on Thursday, July 2nd. JPMorgan Chase & Co. cut their price objective on LegalZoom.com from $11.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. UBS Group decreased their target price on LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, Wall Street Zen cut LegalZoom.com from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.25.

LegalZoom.com Profile

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.