LegalZoom.com, Inc. (NASDAQ:LZ) Director John Francis Murphy Sells 24,250 Shares

Key Points

• John Francis Murphy, a director at LegalZoom.com, sold 24,250 shares of the company's stock on August 12, lowering his holdings by 25.74% to 69,953 shares valued at approximately $739,403.
• LegalZoom's stock recently traded at $10.73, with a market capitalization of $1.93 billion and a P/E ratio of 67.07.
• Analysts have raised their price targets for LegalZoom, with JPMorgan upgrading theirs from $11.00 to $12.00 and Bank of America revising theirs from $8.00 to $12.00, while maintaining a mixed consensus outlook on the stock.

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total value of $256,322.50. Following the completion of the transaction, the director directly owned 69,953 shares of the company's stock, valued at $739,403.21. This represents a 25.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

LegalZoom.com Price Performance

Shares of NASDAQ:LZ traded down $0.02 during trading on Monday, hitting $10.71. 231,391 shares of the company were exchanged, compared to its average volume of 2,080,295. The company has a market cap of $1.93 billion, a PE ratio of 66.91, a P/E/G ratio of 3.68 and a beta of 1.23. The stock has a 50 day moving average of $9.11 and a 200 day moving average of $8.84. LegalZoom.com, Inc. has a 52-week low of $5.85 and a 52-week high of $11.93.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $192.51 million for the quarter, compared to analysts' expectations of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%. The firm's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caxton Associates LLP boosted its position in LegalZoom.com by 147.0% during the 2nd quarter. Caxton Associates LLP now owns 110,895 shares of the company's stock valued at $988,000 after acquiring an additional 65,994 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in LegalZoom.com by 299.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,266 shares of the company's stock valued at $189,000 after acquiring an additional 15,947 shares in the last quarter. Captrust Financial Advisors boosted its position in LegalZoom.com by 179.5% during the 2nd quarter. Captrust Financial Advisors now owns 55,888 shares of the company's stock valued at $498,000 after acquiring an additional 35,894 shares in the last quarter. Man Group plc boosted its position in LegalZoom.com by 75.1% during the 2nd quarter. Man Group plc now owns 1,026,520 shares of the company's stock valued at $9,146,000 after acquiring an additional 440,201 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of LegalZoom.com by 507.3% during the second quarter. Lazard Asset Management LLC now owns 1,104,734 shares of the company's stock valued at $9,842,000 after purchasing an additional 922,829 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

LZ has been the subject of a number of recent research reports. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Barclays upped their target price on LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, Bank of America raised LegalZoom.com from an "underperform" rating to a "buy" rating and upped their target price for the company from $8.00 to $12.00 in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, LegalZoom.com currently has a consensus rating of "Hold" and an average price target of $9.92.

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.