Two Sigma Investments LP increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 303,241 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in LegalZoom.com by 14.5% in the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock worth $152,241,000 after buying an additional 2,574,700 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of 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 in the last quarter. Ararat Capital Management LP raised its stake in LegalZoom.com by 26.6% during the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock valued at $24,396,000 after purchasing an additional 682,678 shares during the period. Franklin Resources Inc. raised its stake in LegalZoom.com by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after purchasing an additional 26,607 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in LegalZoom.com by 30.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company's stock worth $15,173,000 after purchasing an additional 471,338 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
LegalZoom.com Stock Performance
Shares of NASDAQ:LZ traded down $0.03 during midday trading on Monday, hitting $9.10. The company's stock had a trading volume of 2,143,166 shares, compared to its average volume of 1,783,035. The company has a market cap of $1.65 billion, a P/E ratio of 70.01, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $10.60. The business's 50 day simple moving average is $8.17 and its 200 day simple moving average is $8.42.
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 the consensus estimate of $0.13. The company had revenue of $183.11 million during the quarter, compared to analysts' expectations of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on LZ shares. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday. Morgan Stanley increased their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Barclays raised their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.64.
Check Out Our Latest Research Report on LZ
LegalZoom.com Profile
(
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.
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