32,978 Shares in LegalZoom.com, Inc. $LZ Bought by Bosun Asset Management LLC

Key Points

• Bosun Asset Management LLC acquired 32,978 shares of LegalZoom.com, Inc., valued at approximately $284,000, as part of their first-quarter investments.
• LegalZoom.com reported revenue of $192.51 million for the most recent quarter, exceeding analysts' expectations of $182.49 million, alongside an earnings per share (EPS) of $0.15.
• Insider selling activity included Nicole Miller and John Francis Murphy, who sold a combined total of 49,404 shares, resulting in significant decreases in their ownership percentages.

Bosun Asset Management LLC bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 32,978 shares of the company's stock, valued at approximately $284,000.

A number of other hedge funds have also bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of LegalZoom.com during the first quarter worth $29,000. State of Wyoming increased its holdings in shares of LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after purchasing an additional 2,475 shares during the period. GAMMA Investing LLC increased its holdings in shares of LegalZoom.com by 2,750.6% in the first quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock valued at $83,000 after purchasing an additional 9,297 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of LegalZoom.com in the first quarter worth about $91,000. Finally, Bryce Point Capital LLC acquired a new stake in shares of LegalZoom.com during the first quarter worth about $103,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insiders Place Their Bets

In other LegalZoom.com news, insider Nicole Miller sold 25,154 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the transaction, the insider directly owned 960,032 shares in the company, valued at approximately $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total transaction of $256,322.50. Following the completion of the sale, the director owned 69,953 shares in the company, valued at approximately $739,403.21. This trade represents a 25.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,859 shares of company stock worth $1,193,100. Company insiders own 5.90% of the company's stock.

LegalZoom.com Trading Down 1.4%

Shares of LZ stock opened at $10.85 on Friday. LegalZoom.com, Inc. has a 12-month low of $6.16 and a 12-month high of $11.93. The business's 50 day moving average is $9.70 and its two-hundred day moving average is $9.01. The company has a market capitalization of $1.96 billion, a P/E ratio of 67.82, a P/E/G ratio of 2.52 and a beta of 1.25.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The business had revenue of $192.51 million during the quarter, compared to analysts' expectations of $182.49 million. During the same period in the previous year, the business earned $0.10 earnings per share. The business's revenue was up 8.5% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LZ. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Bank of America upgraded LegalZoom.com from an "underperform" rating to a "buy" rating and lifted their price target for the company from $8.00 to $12.00 in a research report on Friday, August 8th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Finally, Citigroup lifted their target price on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.50.

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.

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