North Star Investment Management Corp. Makes New $301,000 Investment in LegalZoom.com, Inc. (NASDAQ:LZ)

North Star Investment Management Corp. purchased a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 35,000 shares of the company's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathway Capital Management LP bought a new stake in LegalZoom.com during the 4th quarter valued at about $2,387,000. Ameriprise Financial Inc. lifted its stake in LegalZoom.com by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company's stock worth $2,422,000 after acquiring an additional 74,507 shares during the period. Nuveen Asset Management LLC grew its holdings in LegalZoom.com by 297.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after acquiring an additional 877,125 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in LegalZoom.com by 11.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock valued at $4,096,000 after purchasing an additional 55,336 shares during the period. Finally, Graham Capital Management L.P. bought a new position in LegalZoom.com in the fourth quarter worth approximately $334,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LZ. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Morgan Stanley boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.64.

LegalZoom.com Stock Performance

NASDAQ LZ traded down $0.19 during trading hours on Tuesday, reaching $8.57. The stock had a trading volume of 2,232,843 shares, compared to its average volume of 1,772,959. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $10.60. The stock has a fifty day moving average of $8.34 and a 200 day moving average of $8.52. The stock has a market cap of $1.55 billion, a P/E ratio of 54.75, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25.

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, meeting analysts' consensus estimates of $0.13. The company 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities research analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

LegalZoom.com Company 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.