LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC trimmed its stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 29.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 460,811 shares of the company's stock after selling 189,948 shares during the period. Voloridge Investment Management LLC owned about 0.27% of LegalZoom.com worth $3,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mariner LLC grew its holdings in shares of LegalZoom.com by 5.6% in the fourth quarter. Mariner LLC now owns 44,638 shares of the company's stock valued at $335,000 after purchasing an additional 2,348 shares in the last quarter. State of Wyoming grew its holdings in LegalZoom.com by 42.1% during the 4th 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 grew its holdings in LegalZoom.com by 6.8% during the 4th 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 grew its holdings in LegalZoom.com by 8.4% during the 4th 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 grew its holdings in LegalZoom.com by 33.2% during the 4th 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Barclays boosted their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.64.

LegalZoom.com Trading Up 0.9%

Shares of LZ traded up $0.08 during mid-day trading on Friday, hitting $9.18. The company's stock had a trading volume of 1,504,310 shares, compared to its average volume of 1,784,657. The firm has a 50-day simple moving average of $8.17 and a 200 day simple moving average of $8.41. The firm has a market capitalization of $1.66 billion, a P/E ratio of 70.62, a P/E/G 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.

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