Picton Mahoney Asset Management bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 166,335 shares of the company's stock, valued at approximately $1,433,000. Picton Mahoney Asset Management owned 0.09% of LegalZoom.com at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in LegalZoom.com by 104.9% during the 1st quarter. Mackenzie Financial Corp now owns 172,304 shares of the company's stock valued at $1,484,000 after purchasing an additional 88,218 shares during the last quarter. Corton Capital Inc. raised its position in shares of LegalZoom.com by 18.3% in the 1st quarter. Corton Capital Inc. now owns 20,738 shares of the company's stock worth $179,000 after acquiring an additional 3,213 shares in the last quarter. Bryce Point Capital LLC bought a new position in shares of LegalZoom.com in the 1st quarter worth approximately $103,000. Victory Capital Management Inc. raised its position in shares of LegalZoom.com by 50.7% in the 1st quarter. Victory Capital Management Inc. now owns 118,060 shares of the company's stock worth $1,016,000 after acquiring an additional 39,739 shares in the last quarter. Finally, CWM LLC raised its position in shares of LegalZoom.com by 608.5% in the 1st quarter. CWM LLC now owns 51,795 shares of the company's stock worth $446,000 after acquiring an additional 44,484 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
LegalZoom.com Stock Performance
Shares of LegalZoom.com stock traded down $0.32 during trading hours on Friday, hitting $8.67. The company's stock had a trading volume of 2,263,180 shares, compared to its average volume of 1,963,829. The business has a 50 day moving average price of $8.99 and a two-hundred day moving average price of $8.74. LegalZoom.com, Inc. has a 12-month low of $5.56 and a 12-month high of $10.60. The company has a market cap of $1.57 billion, a PE ratio of 51.00, a PEG ratio of 3.85 and a beta of 1.23.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, research analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.
Analysts Set New Price Targets
LZ has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Morgan Stanley increased 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. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Finally, Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.30.
Check Out Our Latest Analysis on LZ
LegalZoom.com Profile
(
Free Report)
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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