LegalZoom.com, Inc. (NASDAQ:LZ) Receives Average Rating of "Hold" from Analysts

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has been given an average rating of "Hold" by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.64.

Several brokerages recently weighed in on LZ. Barclays raised 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 report on Thursday, February 27th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th.

LegalZoom.com Stock Up 0.1%

Shares of LZ opened at $8.56 on Monday. The company has a market capitalization of $1.55 billion, a P/E ratio of 50.35, a price-to-earnings-growth ratio of 3.65 and a beta of 1.25. The firm has a 50 day moving average of $8.42 and a 200 day moving average of $8.53. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced 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 company had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, sell-side analysts expect that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock worth $152,241,000 after acquiring an additional 2,574,700 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of LegalZoom.com by 7.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock worth $26,474,000 after acquiring an additional 250,409 shares during the last quarter. Ararat Capital Management LP boosted its stake in shares of LegalZoom.com by 26.6% during the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after acquiring an additional 682,678 shares during the last quarter. Franklin Resources Inc. raised its position in shares of LegalZoom.com by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after purchasing an additional 26,607 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of LegalZoom.com by 8.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company's stock valued at $18,828,000 after purchasing an additional 166,385 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

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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