Universal Beteiligungs und Servicegesellschaft mbH Takes $271,000 Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 36,051 shares of the company's stock, valued at approximately $271,000.

Other large investors have also recently added to or reduced their stakes in the company. Mariner LLC lifted its holdings in LegalZoom.com by 5.6% in the fourth quarter. Mariner LLC now owns 44,638 shares of the company's stock worth $335,000 after purchasing an additional 2,348 shares during the period. State of Wyoming raised its position in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after acquiring an additional 2,475 shares in the last quarter. Summit Trail Advisors LLC raised its position in LegalZoom.com by 6.8% in the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after acquiring an additional 4,697 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in LegalZoom.com by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company's stock worth $490,000 after acquiring an additional 5,045 shares in the last quarter. Finally, Walleye Trading LLC raised its position in LegalZoom.com by 33.2% in the fourth quarter. Walleye Trading LLC now owns 21,090 shares of the company's stock worth $158,000 after acquiring an additional 5,252 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, LegalZoom.com currently has a consensus rating of "Hold" and a consensus target price of $8.64.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock traded down $0.03 on Friday, reaching $9.17. The stock had a trading volume of 1,430,166 shares, compared to its average volume of 1,783,722. The business's 50-day moving average price is $8.19 and its two-hundred day moving average price is $8.46. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60. The stock has a market cap of $1.66 billion, a P/E ratio of 70.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.

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, hitting analysts' consensus estimates of $0.13. The business had revenue of $183.11 million during the quarter, compared to analysts' expectations of $176.17 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. LegalZoom.com's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, equities analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.