Nuveen Asset Management LLC Has $8.80 Million Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Nuveen Asset Management LLC increased its stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 297.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,171,584 shares of the company's stock after purchasing an additional 877,125 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.68% of LegalZoom.com worth $8,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in LegalZoom.com by 44.8% during the 4th quarter. SG Americas Securities LLC now owns 90,104 shares of the company's stock worth $677,000 after acquiring an additional 27,867 shares during the period. Brighton Jones LLC acquired a new stake in LegalZoom.com during the 4th quarter worth about $185,000. Oak Harvest Investment Services acquired a new stake in LegalZoom.com during the 4th quarter worth about $751,000. Savant Capital LLC acquired a new stake in LegalZoom.com during the 4th quarter worth about $163,000. Finally, Summit Trail Advisors LLC boosted its position in LegalZoom.com by 6.8% during the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after acquiring an additional 4,697 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LZ. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday. Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Barclays lifted their price target on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, LegalZoom.com has a consensus rating of "Hold" and a consensus target price of $8.64.

LegalZoom.com Price Performance

Shares of LZ stock traded down $0.03 during trading on Monday, reaching $9.10. The company had a trading volume of 2,143,166 shares, compared to its average volume of 1,783,035. The firm's 50 day simple moving average is $8.17 and its two-hundred day simple moving average is $8.43. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The company has a market capitalization of $1.65 billion, a PE ratio of 70.01, a PEG ratio of 1.73 and a beta of 1.14.

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

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.