PharVision Advisers LLC Purchases New Position in LegalZoom.com, Inc. (NASDAQ:LZ)

PharVision Advisers LLC bought a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing 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 makes up 0.5% of PharVision Advisers LLC's holdings, making the stock its 27th largest position.

Other large investors also recently modified their holdings of the company. State of Wyoming grew its position 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 valued at $63,000 after buying an additional 2,475 shares during the last quarter. Aigen Investment Management LP acquired a new stake in LegalZoom.com during the 4th quarter valued at approximately $76,000. Olympiad Research LP bought a new position in LegalZoom.com during the 4th quarter worth approximately $78,000. Quantessence Capital LLC bought a new position in LegalZoom.com during the 4th quarter worth approximately $78,000. Finally, Sei Investments Co. acquired a new position in shares of LegalZoom.com in the 4th quarter worth approximately $83,000. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Stock Up 2.6%

NASDAQ LZ opened at $9.71 on Wednesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 74.70, a PEG ratio of 1.73 and a beta of 1.14. The stock's 50-day simple moving average is $8.18 and its two-hundred day simple moving average is $8.35. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $10.60.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LZ. Barclays lifted their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.

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