LegalZoom.com, Inc. (NASDAQ:LZ) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,396,523 shares of the company's stock after buying an additional 32,075 shares during the quarter. Dimensional Fund Advisors LP owned about 0.81% of LegalZoom.com worth $10,489,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com in the fourth quarter worth $76,000. Olympiad Research LP bought a new stake in LegalZoom.com during the fourth quarter valued at about $78,000. Sei Investments Co. purchased a new position in shares of LegalZoom.com in the fourth quarter valued at about $83,000. Cibc World Markets Corp purchased a new position in shares of LegalZoom.com in the fourth quarter valued at about $90,000. Finally, Lexington Partners L.P. purchased a new position in shares of LegalZoom.com in the fourth quarter valued at about $103,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Down 3.3%

NASDAQ:LZ traded down $0.31 during trading hours on Wednesday, reaching $9.20. 2,564,587 shares of the stock were exchanged, compared to its average volume of 1,844,287. The business has a 50-day moving average of $8.17 and a two-hundred day moving average of $8.27. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $10.60. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 70.77, a PEG ratio of 1.73 and a beta of 1.14.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Barclays upped their price objective on 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 restated a "market perform" rating on shares of LegalZoom.com in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.19.

LegalZoom.com Company 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.