Lazard Asset Management LLC Has $156,000 Stake in LegalZoom.com, Inc. (NASDAQ:LZ)

Lazard Asset Management LLC lessened its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,873 shares of the company's stock after selling 54,631 shares during the period. Lazard Asset Management LLC's holdings in LegalZoom.com were worth $156,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com during the fourth quarter worth approximately $76,000. Olympiad Research LP bought a new stake in shares of LegalZoom.com during the fourth quarter worth approximately $78,000. Quantessence Capital LLC bought a new stake in shares of LegalZoom.com during the fourth quarter worth approximately $78,000. Sei Investments Co. bought a new stake in shares of LegalZoom.com during the fourth quarter worth approximately $83,000. Finally, Cibc World Markets Corp bought a new stake in shares of LegalZoom.com in the fourth quarter valued at approximately $90,000. Institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LZ shares. JPMorgan Chase & Co. boosted 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, May 19th. William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Wall Street Zen cut LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.64.

LegalZoom.com Price Performance

LZ traded down $0.25 during trading on Thursday, hitting $9.25. 389,267 shares of the stock traded hands, compared to its average volume of 1,782,255. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $10.60. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 71.12, a PEG ratio of 1.73 and a beta of 1.14. The business has a 50 day moving average price of $8.17 and a 200 day moving average price of $8.40.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The business had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current 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.