Cwm LLC Acquires 44,484 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

CWM LLC increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 608.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 51,795 shares of the company's stock after purchasing an additional 44,484 shares during the period. CWM LLC's holdings in LegalZoom.com were worth $446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of LegalZoom.com by 14.5% in the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after purchasing an additional 2,574,700 shares during the period. Renaissance Technologies LLC grew its holdings in LegalZoom.com by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock worth $26,474,000 after purchasing an additional 250,409 shares during the period. Ararat Capital Management LP boosted its holdings in shares of LegalZoom.com by 26.6% during the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after acquiring an additional 682,678 shares during the period. Franklin Resources Inc. boosted its holdings in shares of LegalZoom.com by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock worth $23,240,000 after acquiring an additional 26,607 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of LegalZoom.com by 30.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company's stock valued at $15,173,000 after buying an additional 471,338 shares during the period. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Stock Performance

LZ traded up $0.04 during trading on Friday, hitting $9.08. The stock had a trading volume of 1,116,164 shares, compared to its average volume of 1,468,303. The firm has a market capitalization of $1.65 billion, a P/E ratio of 53.41, a PEG ratio of 3.85 and a beta of 1.23. LegalZoom.com, Inc. has a twelve month low of $5.56 and a twelve month high of $10.60. The company's 50-day moving average price is $9.03 and its 200 day moving average price is $8.70.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. Morgan Stanley upped their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $9.08.

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.