North Star Investment Management Corp. acquired a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of LegalZoom.com during the 1st quarter worth approximately $281,000. Accurate Wealth Management LLC bought a new stake in LegalZoom.com in the first quarter valued at $490,000. Harbor Capital Advisors Inc. acquired a new position in LegalZoom.com during the first quarter worth $4,157,000. Pallas Capital Advisors LLC bought a new position in shares of LegalZoom.com during the first quarter valued at $124,000. Finally, Merit Financial Group LLC bought a new position in shares of LegalZoom.com during the first quarter valued at $116,000. 81.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on LZ. Morgan Stanley increased their target price 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. Barclays raised their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Finally, William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.64.
View Our Latest Report on LZ
LegalZoom.com Price Performance
Shares of LZ stock traded down $0.02 on Thursday, reaching $8.55. 1,744,500 shares of the stock were exchanged, compared to its average volume of 1,771,830. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The stock has a market cap of $1.55 billion, a PE ratio of 50.29, a P/E/G ratio of 3.65 and a beta of 1.25. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $8.52.
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. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The company had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter last year, the firm earned $0.09 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.
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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