Rhumbline Advisers Has $1.62 Million Position in LegalZoom.com, Inc. $LZ

Key Points

• Rhumbline Advisers reduced its stake in LegalZoom.com, Inc. by 12.6% during the first quarter, now owning approximately 0.10% of the company with a value of $1.62 million.
• Analysts have recently adjusted their price targets for LegalZoom.com, with Barclays raising their target from $9.00 to $10.00, and Bank of America upgrading from "underperform" to "buy" with a target increase to $12.00.
• The stock has seen significant trading activity from company insiders, with CFO Noel Bertram Watson selling over 27,000 shares recently, reflecting a 1.60% decrease in their position.

Rhumbline Advisers lowered its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 12.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 188,112 shares of the company's stock after selling 27,087 shares during the period. Rhumbline Advisers owned 0.10% of LegalZoom.com worth $1,620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LZ. Quantbot Technologies LP bought a new position in shares of LegalZoom.com during the 1st quarter worth approximately $29,000. State of Wyoming boosted its position in LegalZoom.com by 42.1% during the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after purchasing an additional 2,475 shares during the period. GAMMA Investing LLC increased its holdings in shares of LegalZoom.com by 2,750.6% in the first quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock valued at $83,000 after purchasing an additional 9,297 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of LegalZoom.com in the first quarter valued at about $91,000. Finally, Bryce Point Capital LLC acquired a new stake in shares of LegalZoom.com during the 1st quarter worth about $103,000. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Up 0.6%

Shares of NASDAQ:LZ traded up $0.07 during trading on Monday, reaching $11.02. 1,990,838 shares of the company traded hands, compared to its average volume of 2,303,079. The firm has a market capitalization of $1.99 billion, a PE ratio of 68.88, a PEG ratio of 3.36 and a beta of 1.25. LegalZoom.com, Inc. has a 52 week low of $6.26 and a 52 week high of $11.93. The company's 50 day moving average is $10.08 and its two-hundred day moving average is $9.10.

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

Insider Transactions at LegalZoom.com

In related news, Director John Francis Murphy sold 24,250 shares of the stock in a transaction that occurred 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 sale, the director owned 69,953 shares in the company, valued at approximately $739,403.21. This trade represents a 25.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Noel Bertram Watson sold 27,319 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer owned 1,676,426 shares of the company's stock, valued at approximately $18,558,035.82. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,859 shares of company stock valued at $1,193,100. Company insiders own 5.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LZ. JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Wall Street Zen downgraded LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America upgraded LegalZoom.com from an "underperform" rating to a "buy" rating and increased their target price for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. Citigroup boosted their price target on LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, Barclays increased their price objective on LegalZoom.com from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.83.

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.