482,840 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 482,840 shares of the company's stock, valued at approximately $4,157,000. Harbor Capital Advisors Inc. owned 0.27% of LegalZoom.com at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pathway Capital Management LP acquired a new position in shares of LegalZoom.com in the fourth quarter worth about $2,387,000. Ameriprise Financial Inc. boosted its stake in shares of LegalZoom.com by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company's stock valued at $2,422,000 after buying an additional 74,507 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after buying an additional 877,125 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of LegalZoom.com by 11.3% in the fourth 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. Finally, Graham Capital Management L.P. bought a new stake in shares of LegalZoom.com in the fourth quarter worth $334,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LZ. Morgan Stanley raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Wall Street Zen upgraded 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 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 reaffirmed a "market perform" rating on shares of LegalZoom.com in a 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8.64.

LegalZoom.com Stock Performance

Shares of LZ traded down $0.33 during midday trading on Friday, hitting $8.74. 1,294,227 shares of the stock traded hands, compared to its average volume of 1,773,769. The business's 50 day moving average price is $8.31 and its two-hundred day moving average price is $8.50. The firm has a market capitalization of $1.58 billion, a PE ratio of 67.24, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $183.11 million during the quarter, compared to analysts' expectations of $176.17 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. LegalZoom.com's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities research analysts forecast 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.