Algert Global LLC Has $4.11 Million Stock Position in LegalZoom.com, Inc. $LZ

Key Points

• Algert Global LLC significantly increased its holdings in LegalZoom.com by 708.1% in the first quarter, acquiring an additional 418,212 shares, bringing its total ownership to 477,273 shares valued at approximately $4.1 million.
• Wall Street analysts have raised their price targets for LegalZoom.com, with Bank of America upgrading its rating from "underperform" to "buy" and increasing the price target from $8.00 to $12.00.
• The latest earnings report from LegalZoom.com showed a revenue of $192.51 million, exceeding analysts' expectations, with earnings per share hitting $0.15, consistent with consensus estimates.

Algert Global LLC boosted its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 708.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477,273 shares of the company's stock after purchasing an additional 418,212 shares during the period. Algert Global LLC owned approximately 0.27% of LegalZoom.com worth $4,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in LegalZoom.com during the first quarter valued at approximately $281,000. Ameriprise Financial Inc. lifted its stake in LegalZoom.com by 30.0% during the fourth quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company's stock valued at $2,422,000 after purchasing an additional 74,507 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock valued at $8,799,000 after purchasing an additional 877,125 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in LegalZoom.com during the fourth quarter valued at approximately $334,000. Finally, State of Tennessee Department of Treasury acquired a new stake in LegalZoom.com during the fourth quarter valued at approximately $270,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on LZ shares. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and increased their target price for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Morgan Stanley boosted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Finally, Citigroup boosted their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, LegalZoom.com has a consensus rating of "Hold" and an average target price of $10.50.

LegalZoom.com Stock Up 0.2%

Shares of LZ stock traded up $0.02 during trading hours on Monday, reaching $11.00. 4,637,793 shares of the stock traded hands, compared to its average volume of 2,915,431. The firm has a market capitalization of $1.98 billion, a PE ratio of 68.75, a PEG ratio of 2.51 and a beta of 1.23. The business has a fifty day moving average price of $9.31 and a 200 day moving average price of $8.91. LegalZoom.com, Inc. has a 1-year low of $6.16 and a 1-year high of $11.93.

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

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.81, for a total value of $162,150.00. Following the transaction, the chief financial officer owned 1,721,881 shares in the company, valued at approximately $18,613,533.61. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the director owned 69,953 shares in the company, valued at approximately $739,403.21. This represents a 25.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,404 shares of company stock worth $690,639. 5.90% of the stock is currently owned by company insiders.

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.