Squarepoint Ops LLC Sells 69,364 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Squarepoint Ops LLC decreased its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 54.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,990 shares of the company's stock after selling 69,364 shares during the period. Squarepoint Ops LLC's holdings in LegalZoom.com were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock worth $152,241,000 after purchasing an additional 2,574,700 shares during the period. Nuveen Asset Management LLC boosted its position in shares of LegalZoom.com by 297.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after purchasing an additional 877,125 shares in the last quarter. Norges Bank bought a new stake in shares of LegalZoom.com in the 4th quarter worth approximately $5,769,000. Ararat Capital Management LP grew its stake in shares of LegalZoom.com by 26.6% in the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after buying an additional 682,678 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in LegalZoom.com by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock valued at $8,662,000 after buying an additional 585,734 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Down 0.3%

LZ traded down $0.03 during midday trading on Friday, hitting $9.17. 1,430,166 shares of the company traded hands, compared to its average volume of 1,783,722. The company's 50-day moving average is $8.19 and its 200 day moving average is $8.47. The firm has a market capitalization of $1.66 billion, a PE ratio of 70.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $10.60.

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

Wall Street Analysts Forecast Growth

LZ has been the topic of several analyst reports. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. 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. Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. 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 report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.64.

LegalZoom.com 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.