EP Wealth Advisors LLC Purchases Shares of 31,972 LegalZoom.com, Inc. (NASDAQ:LZ)

EP Wealth Advisors LLC purchased a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,972 shares of the company's stock, valued at approximately $240,000.

A number of other large investors have also bought and sold shares of LZ. Mariner LLC boosted its position in LegalZoom.com by 5.6% in the 4th quarter. Mariner LLC now owns 44,638 shares of the company's stock valued at $335,000 after buying an additional 2,348 shares during the last quarter. Summit Trail Advisors LLC boosted its position in LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock valued at $552,000 after buying an additional 4,697 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in LegalZoom.com by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company's stock valued at $490,000 after buying an additional 5,045 shares during the last quarter. Walleye Trading LLC boosted its position in LegalZoom.com by 33.2% in the 4th quarter. Walleye Trading LLC now owns 21,090 shares of the company's stock valued at $158,000 after buying an additional 5,252 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in LegalZoom.com by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 85,168 shares of the company's stock valued at $640,000 after buying an additional 6,669 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays raised their price target 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. JPMorgan Chase & Co. raised their price target on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Morgan Stanley raised their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Finally, JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.19.

LegalZoom.com Stock Performance

LZ stock traded up $0.09 during midday trading on Friday, hitting $9.29. 1,459,476 shares of the company's stock were exchanged, compared to its average volume of 1,835,748. The stock's fifty day moving average price is $8.16 and its 200-day moving average price is $8.31. The company has a market cap of $1.68 billion, a PE ratio of 71.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

LegalZoom.com Profile

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.