PharVision Advisers LLC Invests $567,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

PharVision Advisers LLC bought a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 75,539 shares of the company's stock, valued at approximately $567,000. LegalZoom.com accounts for approximately 0.5% of PharVision Advisers LLC's portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LZ. State of Wyoming increased its holdings in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after buying an additional 2,475 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of LegalZoom.com during the 4th quarter valued at about $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com in the 4th quarter valued at about $78,000. Quantessence Capital LLC acquired a new position in LegalZoom.com in the 4th quarter worth about $78,000. Finally, Sei Investments Co. purchased a new position in LegalZoom.com during the fourth quarter worth approximately $83,000. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Trading Down 2.9%

LZ stock traded down $0.28 during mid-day trading on Monday, reaching $9.28. The company's stock had a trading volume of 1,597,536 shares, compared to its average volume of 1,790,163. The company's 50 day moving average is $8.18 and its two-hundred day moving average is $8.38. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60. The stock has a market cap of $1.68 billion, a PE ratio of 71.39, a P/E/G ratio of 1.73 and a beta of 1.14.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on LZ. Wall Street Zen cut shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, William Blair reissued 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 assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8.64.

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.