Wealth Enhancement Advisory Services LLC Purchases Shares of 32,593 LegalZoom.com, Inc. (NASDAQ:LZ)

Wealth Enhancement Advisory Services LLC bought a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,593 shares of the company's stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in LegalZoom.com during the 4th quarter valued at approximately $185,000. US Bancorp DE raised its position in LegalZoom.com by 1,624.3% during the 4th quarter. US Bancorp DE now owns 32,658 shares of the company's stock valued at $245,000 after purchasing an additional 30,764 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in LegalZoom.com by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company's stock valued at $9,258,000 after purchasing an additional 34,914 shares during the last quarter. Aigen Investment Management LP bought a new position in LegalZoom.com during the 4th quarter valued at approximately $76,000. Finally, AlphaQuest LLC raised its position in LegalZoom.com by 199,195.3% during the 4th quarter. AlphaQuest LLC now owns 85,697 shares of the company's stock valued at $644,000 after purchasing an additional 85,654 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

LZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8.64.

LegalZoom.com Trading Up 0.3%

LZ traded up $0.03 during trading on Thursday, hitting $9.00. 189,690 shares of the company's stock traded hands, compared to its average volume of 2,003,301. The company's 50 day simple moving average is $8.90 and its two-hundred day simple moving average is $8.60. LegalZoom.com, Inc. has a 12-month low of $5.56 and a 12-month high of $10.60. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 3.84 and a beta of 1.23.

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 for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $183.11 million for the quarter, compared to analysts' expectations of $176.17 million. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current 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.