State of Tennessee Department of Treasury Purchases Shares of 35,984 LegalZoom.com, Inc. (NASDAQ:LZ)

State of Tennessee Department of Treasury bought a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 35,984 shares of the company's stock, valued at approximately $270,000.

Several other hedge funds have also recently modified their holdings of the stock. Mariner LLC increased its position in shares of LegalZoom.com by 5.6% during the 4th quarter. Mariner LLC now owns 44,638 shares of the company's stock worth $335,000 after purchasing an additional 2,348 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of LegalZoom.com by 6.8% during the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after purchasing an additional 4,697 shares during the last quarter. Walleye Trading LLC grew its holdings in LegalZoom.com by 33.2% during the fourth quarter. Walleye Trading LLC now owns 21,090 shares of the company's stock worth $158,000 after acquiring an additional 5,252 shares during the period. MetLife Investment Management LLC boosted its stake in shares of LegalZoom.com by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 85,168 shares of the company's stock worth $640,000 after acquiring an additional 6,669 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in LegalZoom.com by 9.6% during the fourth quarter. Russell Investments Group Ltd. now owns 109,109 shares of the company's stock worth $819,000 after acquiring an additional 9,598 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LZ. Morgan Stanley dropped 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 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 note on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, LegalZoom.com has an average rating of "Hold" and an average price target of $9.06.

LegalZoom.com Trading Down 0.3 %

Shares of LZ stock traded down $0.02 on Wednesday, hitting $7.25. 2,540,685 shares of the stock were exchanged, compared to its average volume of 1,842,645. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The firm's 50 day moving average is $8.23 and its two-hundred day moving average is $8.20. The firm has a market capitalization of $1.28 billion, a PE ratio of 55.77, a P/E/G ratio of 1.73 and a beta of 1.14.

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.