LegalZoom.com, Inc. (NASDAQ:LZ) is Coastal Bridge Advisors LLC's 8th Largest Position

Coastal Bridge Advisors LLC lessened its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,282,010 shares of the company's stock after selling 67,941 shares during the period. LegalZoom.com comprises approximately 2.4% of Coastal Bridge Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Coastal Bridge Advisors LLC owned approximately 0.74% of LegalZoom.com worth $9,628,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in LegalZoom.com in the 4th quarter worth approximately $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com during the 4th quarter worth approximately $78,000. Quantessence Capital LLC purchased a new stake in shares of LegalZoom.com during the fourth quarter worth $78,000. Sei Investments Co. purchased a new stake in LegalZoom.com during the 4th quarter valued at about $83,000. Finally, Cibc World Markets Corp purchased a new stake in LegalZoom.com in the 4th quarter valued at $90,000. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Stock Performance

Shares of LZ stock traded up $0.06 during mid-day trading on Friday, hitting $9.02. 3,940,834 shares of the stock were exchanged, compared to its average volume of 1,843,822. The stock's fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $8.24. The stock has a market capitalization 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 12-month low of $5.33 and a 12-month 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the firm posted $0.09 EPS. LegalZoom.com's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LZ has been the subject of a number of recent analyst reports. William Blair restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays raised their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective 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 lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.19.

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.