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

Susquehanna Fundamental Investments LLC purchased a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 318,421 shares of the company's stock, valued at approximately $2,391,000. Susquehanna Fundamental Investments LLC owned 0.18% of LegalZoom.com at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its stake in shares of LegalZoom.com by 308.5% during the 3rd quarter. Barclays PLC now owns 224,782 shares of the company's stock worth $1,427,000 after purchasing an additional 169,761 shares during the last quarter. Pathway Capital Management LP bought a new stake in shares of LegalZoom.com in the fourth quarter valued at $2,387,000. JPMorgan Chase & Co. lifted its position in shares of LegalZoom.com by 14.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock valued at $3,605,000 after buying an additional 71,291 shares during the last quarter. Oak Harvest Investment Services bought a new position in shares of LegalZoom.com during the 4th quarter worth $751,000. Finally, Citizens Financial Group Inc. RI increased its holdings in LegalZoom.com by 11.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock worth $4,096,000 after acquiring an additional 55,336 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

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

LegalZoom.com Trading Up 1.0 %

Shares of NASDAQ:LZ traded up $0.07 on Friday, reaching $7.38. 2,873,520 shares of the company traded hands, compared to its average volume of 1,833,500. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.30. The business's 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.19. The stock has a market capitalization of $1.30 billion, a P/E ratio of 56.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13.

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.