LegalZoom.com, Inc. (NASDAQ:LZ) Position Increased by Ararat Capital Management LP

Ararat Capital Management LP increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 26.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,248,482 shares of the company's stock after purchasing an additional 682,678 shares during the period. LegalZoom.com makes up approximately 9.7% of Ararat Capital Management LP's investment portfolio, making the stock its largest position. Ararat Capital Management LP owned 1.88% of LegalZoom.com worth $24,396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LZ. Vanguard Group Inc. raised its stake in shares of LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after acquiring an additional 2,574,700 shares in the last quarter. Norges Bank purchased a new stake in LegalZoom.com during the 4th quarter worth about $5,769,000. JPMorgan Chase & Co. raised its position in LegalZoom.com by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock valued at $8,662,000 after purchasing an additional 585,734 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of LegalZoom.com by 2,178.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company's stock worth $3,896,000 after buying an additional 495,959 shares in the last quarter. Finally, Kazazian Asset Management LLC purchased a new stake in shares of LegalZoom.com during the fourth quarter worth approximately $3,375,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

LZ has been the topic of a number of recent analyst reports. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Morgan Stanley dropped their price objective on LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, April 11th. Finally, Barclays increased their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, LegalZoom.com presently has an average rating of "Hold" and a consensus price target of $9.06.

LegalZoom.com Trading Down 1.1 %

LZ stock traded down $0.08 on Tuesday, hitting $7.27. The company's stock had a trading volume of 1,604,359 shares, compared to its average volume of 1,838,432. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. The firm has a 50 day moving average of $8.35 and a two-hundred day moving average of $8.21. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $12.21.

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.