LegalZoom.com, Inc. (NASDAQ:LZ) Receives $8.64 Average Price Target from Analysts

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

A number of research analysts have weighed in on the company. Barclays raised their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley raised their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Wall Street Zen upgraded LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Monday, May 19th.

LegalZoom.com Trading Up 0.8%

LZ stock traded up $0.07 during midday trading on Monday, reaching $8.65. The stock had a trading volume of 2,145,828 shares, compared to its average volume of 1,786,097. The company's fifty day simple moving average is $8.52 and its 200 day simple moving average is $8.54. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 3.66 and a beta of 1.25. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts predict that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in LegalZoom.com in the 1st quarter valued at about $29,000. State of Wyoming raised its holdings in LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after buying an additional 2,475 shares during the period. Aigen Investment Management LP purchased a new stake in LegalZoom.com in the 4th quarter valued at about $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com in the 4th quarter valued at about $78,000. Finally, Quantessence Capital LLC purchased a new stake in LegalZoom.com in the 4th quarter valued at about $78,000. 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.