80,000 Shares in LegalZoom.com, Inc. $LZ Purchased by Resolute Capital Asset Partners LLC

Key Points

• Resolute Capital Asset Partners LLC has acquired 80,000 shares of LegalZoom.com, valued at approximately $689,000, marking a new investment in the company.
• LegalZoom.com stock has increased by 2.7% recently, with a current trading price of $10.98 and notable quarterly revenue growth of 8.5% compared to last year.
• Insider activities include Director John Francis Murphy selling 24,250 shares, reducing his position by 25.74%, while CFO Noel Bertram Watson also sold 15,000 shares.

Resolute Capital Asset Partners LLC bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 80,000 shares of the company's stock, valued at approximately $689,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arizona State Retirement System boosted its stake in shares of LegalZoom.com by 6.1% in the 1st quarter. Arizona State Retirement System now owns 29,728 shares of the company's stock worth $256,000 after buying an additional 1,697 shares during the last quarter. Mariner LLC boosted its stake in shares of LegalZoom.com by 5.6% in the 4th quarter. Mariner LLC now owns 44,638 shares of the company's stock worth $335,000 after buying an additional 2,348 shares during the last quarter. State of Wyoming boosted its stake in shares of LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after buying an additional 2,475 shares during the last quarter. Corton Capital Inc. boosted its stake in LegalZoom.com by 18.3% in the first quarter. Corton Capital Inc. now owns 20,738 shares of the company's stock valued at $179,000 after acquiring an additional 3,213 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in LegalZoom.com in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Up 2.7%

NASDAQ LZ opened at $10.98 on Friday. The company's 50 day moving average is $9.27 and its 200-day moving average is $8.90. LegalZoom.com, Inc. has a 12-month low of $6.16 and a 12-month high of $11.93. The firm has a market cap of $1.98 billion, a P/E ratio of 68.63, a price-to-earnings-growth ratio of 3.67 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The company had revenue of $192.51 million for the quarter, compared to analyst estimates of $182.49 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company's quarterly 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. Equities analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Insider Buying and Selling

In related news, Director John Francis Murphy sold 24,250 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total transaction of $256,322.50. Following the sale, the director owned 69,953 shares of the company's stock, valued at approximately $739,403.21. This represents a 25.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Noel Bertram Watson sold 15,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.81, for a total transaction of $162,150.00. Following the completion of the transaction, the chief financial officer directly owned 1,721,881 shares of the company's stock, valued at approximately $18,613,533.61. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,404 shares of company stock valued at $690,639. Company insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LZ shares. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Barclays boosted their target price on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Bank of America upgraded shares of LegalZoom.com from an "underperform" rating to a "buy" rating and boosted their target price for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.92.

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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