Susquehanna Fundamental Investments LLC Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Susquehanna Fundamental Investments LLC acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 318,421 shares of the company's stock, valued at approximately $2,391,000. Susquehanna Fundamental Investments LLC owned approximately 0.18% of LegalZoom.com at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Aigen Investment Management LP bought a new position in LegalZoom.com during the fourth quarter valued at approximately $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com in the 4th quarter worth $78,000. Quantessence Capital LLC bought a new stake in shares of LegalZoom.com in the fourth quarter worth $78,000. Sei Investments Co. bought a new stake in shares of LegalZoom.com during the 4th quarter valued at about $83,000. Finally, Cibc World Markets Corp purchased a new stake in LegalZoom.com during the fourth quarter valued at approximately $90,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley reduced their price target on LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Barclays raised their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.06.

LegalZoom.com Stock Performance

NASDAQ:LZ traded down $0.07 during trading hours on Monday, reaching $7.32. The stock had a trading volume of 242,966 shares, compared to its average volume of 1,830,775. The stock has a market capitalization of $1.29 billion, a PE ratio of 56.50, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.21. The company has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $8.21.

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.