Voloridge Investment Management LLC Has $3.46 Million Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Voloridge Investment Management LLC reduced its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 460,811 shares of the company's stock after selling 189,948 shares during the quarter. Voloridge Investment Management LLC owned 0.27% of LegalZoom.com worth $3,461,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LZ. State of Wyoming grew its holdings in shares of LegalZoom.com by 42.1% during the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after acquiring an additional 2,475 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of LegalZoom.com during the 4th quarter valued at $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com during the 4th quarter valued at $78,000. Quantessence Capital LLC purchased a new position in shares of LegalZoom.com during the 4th quarter valued at $78,000. Finally, Sei Investments Co. purchased a new position in shares of LegalZoom.com during the 4th quarter valued at $83,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Barclays upped their price objective 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, Morgan Stanley upped their price objective 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 equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $8.64.

LegalZoom.com Trading Up 0.9%

LegalZoom.com stock traded up $0.08 on Friday, reaching $9.18. 1,504,310 shares of the stock were exchanged, compared to its average volume of 1,781,610. The stock has a market cap of $1.66 billion, a PE ratio of 70.62, a PEG ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $10.60. The firm has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $8.42.

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

About LegalZoom.com

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.