Centiva Capital LP Invests $334,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

Centiva Capital LP purchased a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 44,469 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LZ. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com in the 4th quarter worth about $76,000. Olympiad Research LP acquired a new position in LegalZoom.com in the fourth quarter worth about $78,000. Quantessence Capital LLC bought a new stake in LegalZoom.com in the fourth quarter valued at about $78,000. Sei Investments Co. acquired a new stake in LegalZoom.com during the fourth quarter valued at approximately $83,000. Finally, Cibc World Markets Corp bought a new position in LegalZoom.com during the 4th quarter worth approximately $90,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Morgan Stanley lifted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday. Barclays boosted 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 report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on LegalZoom.com from $9.00 to $11.00 and gave the company 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.19.

LegalZoom.com Stock Up 0.7%

Shares of NASDAQ:LZ opened at $9.02 on Monday. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60. The company has a market cap of $1.59 billion, a PE ratio of 69.39, a P/E/G ratio of 1.73 and a beta of 1.14. The company's 50-day moving average price is $8.19 and its 200 day moving average price is $8.25.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company had revenue of $183.11 million for the quarter, compared to analysts' expectations of $176.17 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

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.

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