Palogic Value Management L.P. Sells 73,138 Shares of LegalZoom.com, Inc. $LZ

Key Points

• Palogic Value Management L.P. has reduced its stake in LegalZoom.com by 36.6%, now owning about 0.07% of the company valued at approximately $1.09 million.
• Insider transactions have occurred, including Nicole Miller and Noel Bertram Watson selling shares, reflecting a combined decrease in ownership of 4.15%.
• LegalZoom's recent earnings report showed revenue growth of 8.5% year-over-year, with earnings per share of $0.15, aligning with analyst expectations.

Palogic Value Management L.P. reduced its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 36.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.07% of LegalZoom.com worth $1,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in LegalZoom.com in the 1st quarter worth approximately $281,000. Ameriprise Financial Inc. grew its stake in shares of LegalZoom.com by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company's stock valued at $2,422,000 after buying an additional 74,507 shares during the period. Nuveen Asset Management LLC grew its stake in shares of LegalZoom.com by 297.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock valued at $8,799,000 after buying an additional 877,125 shares during the period. Graham Capital Management L.P. purchased a new stake in LegalZoom.com during the 4th quarter worth $334,000. Finally, State of Tennessee Department of Treasury purchased a new stake in LegalZoom.com during the 4th quarter worth $270,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ traded down $0.17 during mid-day trading on Thursday, hitting $10.84. The stock had a trading volume of 1,128,425 shares, compared to its average volume of 2,102,275. LegalZoom.com, Inc. has a 12-month low of $6.16 and a 12-month high of $11.93. The company has a market cap of $1.95 billion, a PE ratio of 67.72, a P/E/G ratio of 2.53 and a beta of 1.25. The company's 50 day moving average is $9.66 and its 200-day moving average is $9.00.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The company had revenue of $192.51 million during the quarter, compared to the consensus estimate of $182.49 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company's revenue 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. On average, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Morgan Stanley boosted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Bank of America upgraded shares of LegalZoom.com from an "underperform" rating to a "buy" rating and upped their target price for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Barclays upped their target price on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Finally, 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. Two research 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. According to MarketBeat, LegalZoom.com has an average rating of "Hold" and an average target price of $10.50.

Insider Transactions at LegalZoom.com

In other news, Director John Francis Murphy sold 24,250 shares of the 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 in the company, valued at $739,403.21. This represents a 25.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.07, for a total transaction of $302,421.33. Following the completion of the transaction, the chief financial officer owned 1,676,426 shares in the company, valued at $18,558,035.82. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,859 shares of company stock worth $1,193,100 in the last 90 days. 5.90% of the stock is owned by insiders.

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.