Two Sigma Advisers LP Grows Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Two Sigma Advisers LP lifted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 430,000 shares of the company's stock after purchasing an additional 141,900 shares during the quarter. Two Sigma Advisers LP owned 0.25% of LegalZoom.com worth $3,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pathway Capital Management LP purchased a new position in LegalZoom.com during the fourth quarter worth about $2,387,000. Oak Harvest Investment Services purchased a new position in LegalZoom.com during the fourth quarter worth about $751,000. Citizens Financial Group Inc. RI grew its position in LegalZoom.com by 11.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock worth $4,096,000 after buying an additional 55,336 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of LegalZoom.com by 44.8% in the 4th quarter. SG Americas Securities LLC now owns 90,104 shares of the company's stock worth $677,000 after purchasing an additional 27,867 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in shares of LegalZoom.com in the 4th quarter worth about $270,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Finally, Barclays upped their price target on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.64.

LegalZoom.com Stock Performance

Shares of LZ stock traded up $0.08 on Friday, reaching $9.18. The stock had a trading volume of 1,504,310 shares, compared to its average volume of 1,781,610. The stock has a market cap of $1.66 billion, a P/E ratio of 70.62, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $10.60. The company has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $8.41.

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

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.