LegalZoom.com, Inc. $LZ Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in LegalZoom.com, Inc. by 71.8%, acquiring an additional 325,310 shares in the first quarter, putting their total ownership at 778,491 shares valued at approximately $6.7 million.
• In the 1st quarter, other institutional investors also made significant moves, with Nuveen Asset Management boosting its holdings by 297.9% to own 1.17 million shares, while Ararat Capital Management raised its position by 26.6% to 3.25 million shares.
• LegalZoom's shares experienced a 0.5% increase and have a market cap of $1.93 billion, with a recent quarterly EPS of $0.15, aligning with analysts' expectations.

Deutsche Bank AG grew its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 71.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,491 shares of the company's stock after purchasing an additional 325,310 shares during the quarter. Deutsche Bank AG owned approximately 0.44% of LegalZoom.com worth $6,703,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LZ. Brighton Jones LLC acquired a new stake in shares of LegalZoom.com in the fourth quarter valued at approximately $185,000. Wells Fargo & Company MN grew its position in shares of LegalZoom.com by 34.1% in the fourth quarter. Wells Fargo & Company MN now owns 59,884 shares of the company's stock valued at $450,000 after purchasing an additional 15,232 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of LegalZoom.com by 9.6% in the fourth quarter. Russell Investments Group Ltd. now owns 109,109 shares of the company's stock valued at $819,000 after purchasing an additional 9,598 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of LegalZoom.com in the fourth quarter valued at approximately $119,000. Finally, Barclays PLC grew its position in shares of LegalZoom.com by 13.5% in the fourth quarter. Barclays PLC now owns 255,180 shares of the company's stock valued at $1,916,000 after purchasing an additional 30,398 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Stock Performance

Shares of NASDAQ LZ traded up $0.16 during midday trading on Thursday, hitting $10.69. The company's stock had a trading volume of 1,926,657 shares, compared to its average volume of 2,797,940. LegalZoom.com, Inc. has a 1-year low of $6.16 and a 1-year high of $11.93. The firm's fifty day moving average price is $9.22 and its 200-day moving average price is $8.89. The firm has a market cap of $1.93 billion, a P/E ratio of 66.82, a P/E/G ratio of 3.61 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $192.51 million during 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%. LegalZoom.com's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict 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 business's stock in a transaction dated Monday, August 18th. The shares were 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 $18,613,533.61. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Francis Murphy sold 24,250 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total transaction of $256,322.50. Following the transaction, the director directly owned 69,953 shares of the company's stock, valued at $739,403.21. The trade was a 25.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,404 shares of company stock valued at $690,639 in the last ninety days. Company insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

LZ has been the topic of several recent analyst reports. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and upped their price objective for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Wall Street Zen raised shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. Barclays upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Morgan Stanley upped their price objective 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. Two investment 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. According to MarketBeat.com, LegalZoom.com presently has an average rating of "Hold" and an average 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.