BNP Paribas Financial Markets Makes New $1.12 Million Investment in LegalZoom.com, Inc. (NASDAQ:LZ)

BNP Paribas Financial Markets acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 149,415 shares of the company's stock, valued at approximately $1,122,000. BNP Paribas Financial Markets owned about 0.09% of LegalZoom.com as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pathway Capital Management LP acquired a new stake in LegalZoom.com in the 4th quarter worth about $2,387,000. Oak Harvest Investment Services acquired a new stake in LegalZoom.com in the 4th quarter worth about $751,000. Citizens Financial Group Inc. RI boosted its stake in LegalZoom.com by 11.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock worth $4,096,000 after buying an additional 55,336 shares during the last quarter. SG Americas Securities LLC boosted its stake in LegalZoom.com by 44.8% in the 4th quarter. SG Americas Securities LLC now owns 90,104 shares of the company's stock worth $677,000 after buying an additional 27,867 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in LegalZoom.com in the 4th quarter worth about $270,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised their price target 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. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Wall Street Zen downgraded LegalZoom.com from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, Morgan Stanley raised their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.64.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ traded down $0.28 during mid-day trading on Monday, hitting $9.28. 1,597,536 shares of the company traded hands, compared to its average volume of 1,790,163. The firm has a market cap of $1.68 billion, a P/E ratio of 71.39, a PEG ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $10.60. The firm's 50 day simple moving average is $8.17 and its 200 day simple moving average is $8.39.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Equities research analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

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.