State of Tennessee Department of Treasury acquired a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,984 shares of the company's stock, valued at approximately $270,000.
Several other large investors have also modified their holdings of LZ. Vanguard Group Inc. lifted its stake in LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after buying an additional 2,574,700 shares during the last quarter. Renaissance Technologies LLC grew its position in LegalZoom.com by 7.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock worth $26,474,000 after purchasing an additional 250,409 shares during the last quarter. Franklin Resources Inc. increased its stake in LegalZoom.com by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after purchasing an additional 26,607 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of LegalZoom.com by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,523 shares of the company's stock valued at $10,489,000 after buying an additional 32,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of LegalZoom.com by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company's stock worth $9,258,000 after buying an additional 34,914 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on LZ. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Friday, April 11th. Barclays increased their price target on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Two equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.19.
Check Out Our Latest Stock Analysis on LegalZoom.com
LegalZoom.com Stock Up 0.7 %
NASDAQ LZ traded up $0.06 during mid-day trading on Friday, hitting $9.02. The stock had a trading volume of 3,940,834 shares, compared to its average volume of 1,843,822. The company has a 50 day simple moving average of $8.19 and a 200 day simple moving average of $8.24. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 69.39, a P/E/G ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $10.60.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm had revenue of $183.11 million for the quarter, compared to analysts' expectations of $176.17 million. During the same period in the prior year, the company earned $0.09 EPS. The firm's revenue was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.
About LegalZoom.com
(
Free Report)
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.
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