LegalZoom.com, Inc. $LZ Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its position in LegalZoom.com by 65.8%, owning 199,952 shares valued at $1.72 million as of its latest SEC filing.
• Analysts have raised price targets for LegalZoom.com, with Barclays setting a new target of $10.00 and JPMorgan Chase increasing theirs to $12.00, reflecting positive sentiment around the stock.
• Insider trading activity includes CFO Noel Bertram Watson selling 27,319 shares for $302,421, indicating notable transactions among company executives.

Invesco Ltd. lifted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 65.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,952 shares of the company's stock after purchasing an additional 79,384 shares during the quarter. Invesco Ltd. owned 0.11% of LegalZoom.com worth $1,722,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LZ. Swiss National Bank increased its position in shares of LegalZoom.com by 5.8% during the 1st quarter. Swiss National Bank now owns 200,900 shares of the company's stock valued at $1,730,000 after purchasing an additional 11,000 shares during the last quarter. Deutsche Bank AG increased its position in shares of LegalZoom.com by 71.8% during the 1st quarter. Deutsche Bank AG now owns 778,491 shares of the company's stock valued at $6,703,000 after purchasing an additional 325,310 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of LegalZoom.com during the 1st quarter valued at about $121,000. Jefferies Financial Group Inc. bought a new position in shares of LegalZoom.com during the 1st quarter valued at about $91,000. Finally, US Bancorp DE boosted its holdings in LegalZoom.com by 30.6% during the 1st quarter. US Bancorp DE now owns 42,639 shares of the company's stock valued at $367,000 after acquiring an additional 9,981 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Bank of America upgraded 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 report on Friday, August 8th. Morgan Stanley increased their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Finally, Citigroup increased their price objective on LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Two equities 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 company. Based on data from MarketBeat.com, LegalZoom.com has an average rating of "Hold" and a consensus target price of $10.50.

Insider Activity

In related news, CFO Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock in a transaction on Monday, August 25th. The shares were 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 $18,558,035.82. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the sale, 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. In the last 90 days, insiders have sold 109,859 shares of company stock valued at $1,193,100. Company insiders own 5.90% of the company's stock.

LegalZoom.com Stock Performance

NASDAQ LZ traded down $0.08 during trading hours on Thursday, hitting $10.93. The company had a trading volume of 1,475,794 shares, compared to its average volume of 2,104,389. LegalZoom.com, Inc. has a 1-year low of $6.16 and a 1-year high of $11.93. The company has a market cap of $1.97 billion, a PE ratio of 68.35, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The business has a 50 day moving average of $9.66 and a 200-day moving average of $9.00.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The business had revenue of $192.51 million during the quarter, compared to the consensus estimate of $182.49 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 8.5% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.