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 purchased a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 80,000 shares of the company's stock, valued at approximately $689,000.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in LegalZoom.com during the first quarter valued at approximately $29,000. State of Wyoming lifted 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 worth $63,000 after buying an additional 2,475 shares in the last quarter. GAMMA Investing LLC lifted 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 in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of LegalZoom.com in the first quarter worth $91,000. Finally, Bryce Point Capital LLC purchased a new position in shares of LegalZoom.com in the first quarter worth $103,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Price Performance

Shares of LZ traded down $0.03 during midday trading on Thursday, hitting $11.16. The stock had a trading volume of 791,004 shares, compared to its average volume of 2,099,688. LegalZoom.com, Inc. has a 1 year low of $6.16 and a 1 year high of $11.93. The firm has a market cap of $2.01 billion, a PE ratio of 69.72, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. The stock's 50 day moving average is $9.42 and its 200 day moving average is $8.94.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share 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 business had revenue of $192.51 million for the quarter, compared to the consensus estimate of $182.49 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 8.5% on a year-over-year basis. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on LZ. Wall Street Zen raised shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.50.

Insider Activity

In other news, insider Nicole Miller sold 25,154 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total value of $272,166.28. Following the sale, the insider owned 960,032 shares of the company's stock, valued at approximately $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Noel Bertram Watson sold 27,319 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.07, for a total transaction of $302,421.33. Following the completion of the sale, the chief financial officer directly owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,859 shares of company stock valued at $1,193,100. 5.90% of the stock is currently owned by company insiders.

LegalZoom.com 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.