40,404 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,404 shares of the company's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its stake in LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after purchasing an additional 4,697 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of LegalZoom.com during the 4th quarter valued at about $76,000. Olympiad Research LP bought a new stake in LegalZoom.com in the fourth quarter worth approximately $78,000. Sei Investments Co. bought a new stake in LegalZoom.com in the fourth quarter worth $83,000. Finally, Cibc World Markets Corp acquired a new position in shares of LegalZoom.com during the 4th quarter valued at about $90,000. Institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock 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 research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Finally, William Blair restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.19.

LegalZoom.com Stock Up 1.2 %

NASDAQ LZ traded up $0.09 on Wednesday, reaching $7.18. The company had a trading volume of 338,200 shares, compared to its average volume of 1,795,597. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.55. The stock's 50 day moving average is $8.90 and its 200-day moving average is $8.15. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 55.20, a PEG ratio of 1.73 and a beta of 1.13.

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.