CenterBook Partners LP Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

CenterBook Partners LP purchased a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 138,394 shares of the company's stock, valued at approximately $1,039,000. CenterBook Partners LP owned approximately 0.08% of LegalZoom.com at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aigen Investment Management LP purchased a new position in shares of LegalZoom.com in the 4th quarter valued at approximately $76,000. Olympiad Research LP purchased a new stake in shares of LegalZoom.com in the 4th quarter worth about $78,000. Sei Investments Co. bought a new position in shares of LegalZoom.com in the 4th quarter worth about $83,000. Cibc World Markets Corp purchased a new position in LegalZoom.com during the 4th quarter valued at about $90,000. Finally, Lexington Partners L.P. bought a new stake in LegalZoom.com during the fourth quarter worth about $103,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their target price 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. Barclays raised their price target 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 reissued a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9.06.

LegalZoom.com Price Performance

Shares of LZ stock traded down $0.13 on Thursday, hitting $6.95. 1,064,419 shares of the stock traded hands, compared to its average volume of 1,802,754. The firm has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $8.15. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.55. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 1.73 and a beta of 1.13.

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.