LegalZoom.com, Inc. $LZ Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in LegalZoom.com, purchasing 92,096 shares and raising its total ownership by 270.7% to 126,118 shares during the 1st quarter, valued at $1,086,000.
• Recent analyst upgrades for LegalZoom.com include JPMorgan Chase & Co. increasing its target price from $11.00 to $12.00 and upgrading to an "overweight" rating, while Bank of America raised its rating from "underperform" to "buy."
• Insider trading activity shows a 2.55% decrease in ownership for insider Nicole Miller after selling 25,154 shares, alongside CFO Noel Bertram Watson selling 27,319 shares, marking a 1.60% decrease in their holdings.

Jump Financial LLC increased its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 270.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,118 shares of the company's stock after acquiring an additional 92,096 shares during the period. Jump Financial LLC owned about 0.07% of LegalZoom.com worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LZ. Quantbot Technologies LP acquired a new position in LegalZoom.com during the 1st quarter worth about $29,000. State of Wyoming lifted its stake in LegalZoom.com by 42.1% during the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after acquiring an additional 2,475 shares in the last quarter. GAMMA Investing LLC lifted its stake in LegalZoom.com by 2,750.6% during the 1st quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock worth $83,000 after acquiring an additional 9,297 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in LegalZoom.com during the 1st quarter worth about $91,000. Finally, Bryce Point Capital LLC acquired a new position in LegalZoom.com during the 1st quarter worth about $103,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling

In related news, Director John Francis Murphy sold 24,250 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 69,953 shares in the company, valued at $739,403.21. This trade represents a 25.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Miller sold 25,154 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the transaction, the insider owned 960,032 shares in the company, valued at $10,387,546.24. This represents a 2.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,859 shares of company stock worth $1,193,100 in the last quarter. 5.90% of the stock is owned by insiders.

LegalZoom.com Stock Down 0.1%

NASDAQ:LZ traded down $0.02 during mid-day trading on Wednesday, reaching $10.84. 838,500 shares of the stock were exchanged, compared to its average volume of 2,097,988. The company has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $8.99. The stock has a market capitalization of $1.95 billion, a P/E ratio of 67.79, a P/E/G ratio of 2.53 and a beta of 1.25. LegalZoom.com, Inc. has a 1 year low of $6.16 and a 1 year high of $11.93.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $192.51 million for 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 firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on LZ. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Citigroup increased their price target on LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Morgan Stanley increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Barclays increased their price target on LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.50.

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.