Fuller & Thaler Asset Management Inc. Purchases Shares of 51,215 LegalZoom.com, Inc. $LZ

Key Points

• Fuller & Thaler Asset Management Inc. has acquired 51,215 shares of LegalZoom.com, Inc. valued at approximately $441,000, marking a significant investment in the company during the first quarter.
• Insider trading activity includes CFO Noel Bertram Watson selling 15,000 shares for $162,150, which reflects a 0.86% decrease in ownership, and insider Nicole Miller selling 25,154 shares for $272,166, representing a 2.55% decrease in ownership.
• Barclays and Bank of America have both upgraded their ratings and price targets for LegalZoom.com, with Bank of America raising its target from $8.00 to $12.00, indicating increasing analyst optimism for the stock.

Fuller & Thaler Asset Management Inc. bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 51,215 shares of the company's stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in LegalZoom.com in the 1st quarter worth approximately $29,000. Northern Trust Corp lifted its stake in LegalZoom.com by 1.7% in the 1st quarter. Northern Trust Corp now owns 1,188,672 shares of the company's stock worth $10,234,000 after purchasing an additional 19,703 shares in the last quarter. Algert Global LLC raised its position in shares of LegalZoom.com by 708.1% during the 1st quarter. Algert Global LLC now owns 477,273 shares of the company's stock valued at $4,109,000 after buying an additional 418,212 shares in the last quarter. American Century Companies Inc. raised its position in shares of LegalZoom.com by 33.8% during the 1st quarter. American Century Companies Inc. now owns 427,942 shares of the company's stock valued at $3,685,000 after buying an additional 108,064 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in LegalZoom.com by 70.8% during the 1st quarter. Russell Investments Group Ltd. now owns 186,332 shares of the company's stock valued at $1,606,000 after purchasing an additional 77,223 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LegalZoom.com

In other news, CFO Noel Bertram Watson sold 27,319 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33. Following the sale, the chief financial officer owned 1,676,426 shares of the company's stock, valued at approximately $18,558,035.82. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Francis Murphy sold 24,250 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total value of $256,322.50. Following the completion of the transaction, the director directly owned 69,953 shares in the company, valued at $739,403.21. This trade represents a 25.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,859 shares of company stock worth $1,193,100 in the last ninety days. Insiders own 5.90% of the company's stock.

LegalZoom.com Price Performance

Shares of LZ traded up $0.06 during trading hours on Wednesday, hitting $11.11. The stock had a trading volume of 561,876 shares, compared to its average volume of 2,100,107. The firm has a market capitalization of $2.00 billion, a PE ratio of 69.21, a PEG ratio of 2.52 and a beta of 1.23. The stock has a fifty day moving average price of $9.36 and a 200 day moving average price of $8.92. LegalZoom.com, Inc. has a 12 month low of $6.16 and a 12 month 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, hitting 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 return on equity of 20.36% and a net margin of 4.07%.The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LZ shares. Citigroup increased their price objective on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report 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 report on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley increased their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.50.

About LegalZoom.com

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.