Russell Investments Group Ltd. raised its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 70.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,332 shares of the company's stock after buying an additional 77,223 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of LegalZoom.com worth $1,606,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen LLC bought a new stake in LegalZoom.com in the 1st quarter valued at $18,585,000. Invesco Ltd. increased its holdings in LegalZoom.com by 65.8% in the 1st quarter. Invesco Ltd. now owns 199,952 shares of the company's stock valued at $1,722,000 after buying an additional 79,384 shares during the period. Swiss National Bank increased its holdings in LegalZoom.com by 5.8% in the 1st quarter. Swiss National Bank now owns 200,900 shares of the company's stock valued at $1,730,000 after buying an additional 11,000 shares during the period. Deutsche Bank AG increased its holdings in LegalZoom.com by 71.8% in the 1st quarter. Deutsche Bank AG now owns 778,491 shares of the company's stock valued at $6,703,000 after buying an additional 325,310 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in LegalZoom.com in the 1st quarter valued at $121,000. Institutional investors own 81.99% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on LZ shares. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Barclays upped their target price 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. Citigroup upped their target price 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. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and upped their target price for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Finally, Morgan Stanley upped their target price 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. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.50.
Check Out Our Latest Stock Report on LegalZoom.com
Insider Buying and Selling
In related news, Director John Francis Murphy sold 24,250 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total value of $256,322.50. Following the transaction, the director directly owned 69,953 shares in the company, valued at $739,403.21. This trade represents a 25.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Noel Bertram Watson sold 27,319 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the completion of the transaction, the chief financial officer owned 1,676,426 shares in the company, 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. Insiders have sold a total of 109,859 shares of company stock worth $1,193,100 in the last ninety days. Corporate insiders own 5.90% of the company's stock.
LegalZoom.com Stock Down 2.1%
LZ traded down $0.23 during trading on Tuesday, hitting $10.85. The company's stock had a trading volume of 2,501,201 shares, compared to its average volume of 3,028,308. LegalZoom.com, Inc. has a twelve month low of $6.16 and a twelve month high of $11.93. The stock's fifty day moving average price is $9.61 and its 200-day moving average price is $8.99. The firm has a market capitalization of $1.96 billion, a P/E ratio of 67.82, a PEG ratio of 2.53 and a beta of 1.25.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The firm had revenue of $192.51 million for the quarter, compared to analyst estimates of $182.49 million. During the same period in the previous year, the firm earned $0.10 earnings per share. 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. Equities research analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.
About LegalZoom.com
(
Free Report)
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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