Trexquant Investment LP Buys 49,071 Shares of LegalZoom.com, Inc. $LZ

Key Points

• Trexquant Investment LP increased its stake in LegalZoom.com, buying an additional 49,071 shares to own 326,651 shares, valued at approximately $2.8 million.
• LegalZoom.com's shares are currently trading at $11.00, with a market capitalization of $1.98 billion, and reported a revenue of $192.51 million in its latest quarter.
• Inside sales occurred as Directors sold shares amidst rising institutional investment, with company insiders now owning 5.90% of the stock, having sold a total of $1.19 million worth of shares in the last ninety days.

Trexquant Investment LP increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 326,651 shares of the company's stock after purchasing an additional 49,071 shares during the quarter. Trexquant Investment LP owned approximately 0.19% of LegalZoom.com worth $2,812,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of LegalZoom.com in the first quarter valued at approximately $18,585,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of LegalZoom.com by 30.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company's stock valued at $15,173,000 after buying an additional 471,338 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of LegalZoom.com by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,523 shares of the company's stock worth $10,489,000 after buying an additional 32,075 shares during the last quarter. Northern Trust Corp raised its stake in shares of LegalZoom.com by 1.7% in the first quarter. Northern Trust Corp now owns 1,188,672 shares of the company's stock worth $10,234,000 after purchasing an additional 19,703 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of LegalZoom.com by 297.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after acquiring an additional 877,125 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

LegalZoom.com Price Performance

NASDAQ:LZ traded up $0.08 during trading hours on Monday, hitting $10.40. The company had a trading volume of 1,621,519 shares, compared to its average volume of 2,110,491. LegalZoom.com, Inc. has a 52 week low of $6.16 and a 52 week high of $11.93. The company has a market capitalization of $1.87 billion, a PE ratio of 65.04, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. The stock has a 50-day moving average price of $9.73 and a 200 day moving average price of $9.02.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 period last year, the company earned $0.10 earnings per share. The business'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. Analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity

In related news, CFO Noel Bertram Watson sold 27,319 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33. Following the sale, the chief financial officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Miller sold 25,154 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the sale, the insider owned 960,032 shares of the company's stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,859 shares of company stock valued at $1,193,100 in the last three months. Corporate insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LZ. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Monday. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Citigroup lifted their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Wall Street Zen lowered shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Barclays increased their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.83.

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.