Avory & Company LLC bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 368,537 shares of the company's stock, valued at approximately $3,173,000. LegalZoom.com makes up approximately 2.0% of Avory & Company LLC's holdings, making the stock its 13th largest holding. Avory & Company LLC owned approximately 0.21% of LegalZoom.com as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LZ. State of Wyoming increased its holdings in shares of LegalZoom.com by 42.1% during the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after acquiring an additional 2,475 shares in the last quarter. Aigen Investment Management LP purchased a new stake in LegalZoom.com during the 4th quarter worth approximately $76,000. Quantessence Capital LLC acquired a new position in LegalZoom.com during the 4th quarter valued at approximately $78,000. Sei Investments Co. acquired a new position in LegalZoom.com during the 4th quarter valued at approximately $83,000. Finally, GAMMA Investing LLC raised 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 worth $83,000 after buying an additional 9,297 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
LegalZoom.com Price Performance
LZ opened at $8.65 on Friday. The firm has a fifty day moving average price of $8.55 and a 200 day moving average price of $8.54. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $10.60. The stock has a market cap of $1.57 billion, a P/E ratio of 50.88, a P/E/G ratio of 3.66 and a beta of 1.25.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results 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 4.39% and a return on equity of 28.00%. The business had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. During the same period in the prior year, the company posted $0.09 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on LZ. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Barclays raised their price objective 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. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, LegalZoom.com has an average rating of "Hold" and a consensus target price of $8.64.
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.
See Also
Want to see what other hedge funds are holding LZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LegalZoom.com, Inc. (NASDAQ:LZ - Free Report).
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