Palogic Value Management L.P. Cuts Position in LegalZoom.com, Inc. $LZ

Key Points

• Palogic Value Management L.P. reduced its stake in LegalZoom.com by 36.6%, bringing its ownership to about 0.07% of the company, worth approximately $1,092,000.
• Several institutional investors have increased their holdings in LegalZoom.com, with notable purchases including GAMMA Investing LLC, which raised its stake by 2,750.6%.
• Analysts have set new price targets for LegalZoom.com, with JPMorgan Chase raising its target from $12.00 to $14.00 and Barclays increasing its target from $9.00 to $10.00.

Palogic Value Management L.P. lessened its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 36.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,862 shares of the company's stock after selling 73,138 shares during the period. Palogic Value Management L.P. owned approximately 0.07% of LegalZoom.com worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of LegalZoom.com in the 1st quarter worth approximately $29,000. State of Wyoming boosted its stake in shares of LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after buying an additional 2,475 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of LegalZoom.com by 2,750.6% in the 1st quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock worth $83,000 after buying an additional 9,297 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of LegalZoom.com in the 1st quarter worth approximately $91,000. Finally, Bryce Point Capital LLC bought a new stake in shares of LegalZoom.com in the 1st quarter worth approximately $103,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday. Barclays lifted their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Citigroup lifted their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Finally, Wall Street Zen cut shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a report on Friday. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.83.

LegalZoom.com Price Performance

Shares of LZ stock opened at $10.35 on Tuesday. The company's fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $9.03. LegalZoom.com, Inc. has a 1 year low of $6.16 and a 1 year high of $11.93. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 2.36 and a beta of 1.25.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The business had revenue of $192.51 million for the quarter, compared to analysts' expectations of $182.49 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Insider Activity

In other news, insider Nicole Miller sold 25,154 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the transaction, the insider directly owned 960,032 shares in the company, valued at $10,387,546.24. The trade was a 2.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Francis Murphy sold 24,250 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total transaction of $256,322.50. Following the transaction, the director owned 69,953 shares of the company's stock, valued at $739,403.21. This trade represents a 25.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,859 shares of company stock worth $1,193,100 in the last three months. Corporate insiders own 5.90% of the company's stock.

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.

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