Graham Capital Management L.P. Purchases Shares of 44,451 LegalZoom.com, Inc. (NASDAQ:LZ)

Graham Capital Management L.P. purchased a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,451 shares of the company's stock, valued at approximately $334,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after purchasing an additional 2,574,700 shares during the period. Norges Bank purchased a new stake in shares of LegalZoom.com in the 4th quarter valued at approximately $5,769,000. Ararat Capital Management LP increased its holdings in shares of LegalZoom.com by 26.6% during the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after buying an additional 682,678 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock valued at $8,662,000 after buying an additional 585,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in LegalZoom.com by 2,178.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company's stock valued at $3,896,000 after acquiring an additional 495,959 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

LZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley increased their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Barclays boosted their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company 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 research report on Thursday, May 15th. Finally, William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $8.64.

LegalZoom.com Stock Down 2.9%

Shares of NASDAQ:LZ traded down $0.28 during trading on Wednesday, reaching $9.43. The stock had a trading volume of 1,915,822 shares, compared to its average volume of 1,814,742. The stock has a market cap of $1.71 billion, a P/E ratio of 72.54, a PEG ratio of 1.73 and a beta of 1.14. The business has a fifty day moving average price of $8.18 and a 200-day moving average price of $8.35. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

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.