Two Sigma Investments LP Purchases 55,652 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Two Sigma Investments LP increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,241 shares of the company's stock after acquiring an additional 55,652 shares during the period. Two Sigma Investments LP owned approximately 0.18% of LegalZoom.com worth $2,277,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of LegalZoom.com by 14.5% in the fourth 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 last quarter. Nuveen Asset Management LLC lifted its stake in LegalZoom.com by 297.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock valued at $8,799,000 after buying an additional 877,125 shares in the last quarter. Norges Bank acquired a new stake in LegalZoom.com during the 4th quarter valued at $5,769,000. Ararat Capital Management LP increased its position in 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 buying an additional 682,678 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of LegalZoom.com by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock worth $8,662,000 after acquiring an additional 585,734 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

LZ has been the subject of a number of analyst reports. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Barclays increased their price target on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley upped their target price 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 investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Hold" and an average target price of $8.64.

LegalZoom.com Trading Up 0.3%

Shares of LegalZoom.com stock traded up $0.03 during trading on Wednesday, reaching $9.21. The company's stock had a trading volume of 1,632,293 shares, compared to its average volume of 1,781,026. The stock has a 50-day moving average price of $8.17 and a two-hundred day moving average price of $8.44. The stock has a market capitalization of $1.67 billion, a P/E ratio of 70.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal 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.