JPMorgan Chase & Co. Raises LegalZoom.com (NASDAQ:LZ) Price Target to $14.00

Key Points

• JPMorgan Chase & Co. has raised its price target for LegalZoom.com from $12.00 to $14.00, indicating a potential upside of 32.48% from the stock's previous close.
• LegalZoom.com has an average target price of $10.83 and is rated as "Hold" by most analysts, with two analysts rating it as a "Buy" and one as a "Sell."
• The company's quarterly earnings matched consensus estimates with an EPS of $0.15 and revenue of $192.51 million, reflecting an 8.5% increase compared to the same quarter last year.

LegalZoom.com (NASDAQ:LZ - Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $12.00 to $14.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 32.48% from the stock's previous close.

Several other research firms have also recently weighed in on LZ. Wall Street Zen cut LegalZoom.com from a "strong-buy" rating to a "buy" rating in a report on Friday. Citigroup raised their price target on LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Barclays raised their price target on LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Bank of America raised LegalZoom.com from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, LegalZoom.com currently has an average rating of "Hold" and an average target price of $10.83.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $10.57 on Monday. LegalZoom.com has a 52-week low of $6.16 and a 52-week high of $11.93. The firm has a market capitalization of $1.90 billion, a P/E ratio of 66.05, a P/E/G ratio of 2.36 and a beta of 1.25. The stock has a 50 day moving average price of $9.73 and a 200-day moving average price of $9.02.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $192.51 million for the quarter, compared to the consensus estimate of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Nicole Miller sold 25,154 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total transaction of $272,166.28. Following the transaction, the insider directly owned 960,032 shares of the company's stock, valued at approximately $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the transaction, the chief financial officer directly owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,859 shares of company stock valued at $1,193,100 over the last 90 days. Corporate insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On LegalZoom.com

A number of large investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC boosted its holdings in LegalZoom.com by 2.8% in the second quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company's stock valued at $368,000 after purchasing an additional 1,139 shares during the last quarter. Arizona State Retirement System raised its position in shares of LegalZoom.com by 6.1% during the 1st quarter. Arizona State Retirement System now owns 29,728 shares of the company's stock worth $256,000 after purchasing an additional 1,697 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of LegalZoom.com by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company's stock worth $646,000 after purchasing an additional 2,161 shares during the last quarter. State of Wyoming raised its position 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 worth $63,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in LegalZoom.com by 4.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 73,000 shares of the company's stock valued at $650,000 after acquiring an additional 2,924 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.

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