Landscape Capital Management L.L.C. raised its position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 259.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,285 shares of the company's stock after acquiring an additional 275,104 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.22% of LegalZoom.com worth $3,283,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of LZ. Quantbot Technologies LP bought a new position in shares of LegalZoom.com in the first quarter valued at about $29,000. State of Wyoming raised its position in shares of LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after purchasing an additional 2,475 shares during the period. GAMMA Investing LLC raised its position in shares of LegalZoom.com by 2,750.6% in the first quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock valued at $83,000 after purchasing an additional 9,297 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of LegalZoom.com in the first quarter valued at about $91,000. Finally, Bryce Point Capital LLC bought a new position in shares of LegalZoom.com in the first quarter valued at about $103,000. 81.99% of the stock is owned by institutional investors.
Insider Transactions at LegalZoom.com
In other news, insider Nicole Miller sold 25,154 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 960,032 shares of the company's stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Francis Murphy sold 24,250 shares of the business'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 sale, the director directly owned 69,953 shares of the company's stock, valued at approximately $739,403.21. The trade was a 25.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,859 shares of company stock valued at $1,193,100 over the last three months. Corporate insiders own 5.90% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on LZ. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and raised their price target for the stock from $8.00 to $12.00 in a research report on Friday, August 8th. Citigroup raised their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Wall Street Zen raised shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Finally, Morgan Stanley raised their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.50.
View Our Latest Research Report on LegalZoom.com
LegalZoom.com Stock Down 2.7%
LZ traded down $0.30 during midday trading on Tuesday, hitting $10.79. The company had a trading volume of 1,140,138 shares, compared to its average volume of 2,096,882. The stock's 50 day moving average price is $9.57 and its 200 day moving average price is $8.98. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 67.41, a PEG ratio of 2.53 and a beta of 1.25. LegalZoom.com, Inc. has a 52 week low of $6.16 and a 52 week high of $11.93.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $192.51 million during the quarter, compared to the consensus estimate of $182.49 million. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current year.
About LegalZoom.com
(
Free Report)
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.
Featured Articles
Before you consider LegalZoom.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LegalZoom.com wasn't on the list.
While LegalZoom.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
