LegalZoom.com, Inc. $LZ Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in LegalZoom.com by 8.2%, purchasing 166,385 shares, bringing its total ownership to approximately 2.19 million shares valued at around $18.83 million.
• A significant portion, 81.99%, of LegalZoom's stock is currently held by institutional investors, indicating strong institutional interest in the company.
• Wall Street analysts have raised LegalZoom's price targets, with JPMorgan Chase increasing theirs from $11.00 to $12.00 and maintaining an "overweight" rating on the stock.

Jacobs Levy Equity Management Inc. increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,186,816 shares of the company's stock after buying an additional 166,385 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.21% of LegalZoom.com worth $18,828,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LZ. Brighton Jones LLC purchased a new stake in LegalZoom.com during the 4th quarter valued at about $185,000. Dimensional Fund Advisors LP boosted its position in LegalZoom.com by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,523 shares of the company's stock valued at $10,489,000 after buying an additional 32,075 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in LegalZoom.com by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company's stock worth $490,000 after buying an additional 5,045 shares during the period. Ameriprise Financial Inc. raised its position in LegalZoom.com by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company's stock worth $2,422,000 after buying an additional 74,507 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in LegalZoom.com during the 4th quarter worth approximately $1,122,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other LegalZoom.com news, insider Nicole Miller sold 25,154 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the transaction, the insider directly owned 960,032 shares in the company, valued at approximately $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Francis Murphy sold 24,250 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the transaction, the director owned 69,953 shares of the company's stock, valued at approximately $739,403.21. This trade represents a 25.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,859 shares of company stock worth $1,193,100. Company insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

LZ has been the subject of several research reports. Wall Street Zen cut shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday. Citigroup boosted their target price on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Bank of America raised LegalZoom.com from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $8.00 to $12.00 in a report on Friday, August 8th. Finally, Barclays boosted their price target on LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.83.

LegalZoom.com Price Performance

NASDAQ LZ traded down $0.16 during trading hours on Friday, reaching $10.40. The company's stock had a trading volume of 525,642 shares, compared to its average volume of 2,113,542. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 64.97, a P/E/G ratio of 2.44 and a beta of 1.25. LegalZoom.com, Inc. has a 1-year low of $6.26 and a 1-year high of $11.93. The company's 50-day moving average is $9.84 and its two-hundred day moving average is $9.06.

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. The business had revenue of $192.51 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities 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.