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

Key Points

• LegalZoom.com has received an average rating of "Hold" from analysts, with one sell rating, five hold ratings, and two buy ratings among the eight firms covering the company.
• The company's stock recently opened at $11.09, showing a range from a twelve month low of $5.56 to a high of $11.93, and it has a market capitalization of $2.00 billion.
• LegalZoom.com reported quarterly earnings of $0.15 EPS, matching analysts' expectations, while revenue increased by 8.5% year-over-year to $192.51 million.

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has been given a consensus recommendation of "Hold" by the eight ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.75.

A number of research analysts have recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a 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. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley boosted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Finally, Bank of America upgraded shares of LegalZoom.com from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $8.00 to $12.00 in a report on Friday.

Institutional Trading of LegalZoom.com

A number of hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of LegalZoom.com by 195.0% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 73,737 shares of the company's stock valued at $657,000 after purchasing an additional 48,739 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of LegalZoom.com in the 2nd quarter valued at $4,867,000. Oak Harvest Investment Services boosted its stake in shares of LegalZoom.com by 25.0% in the 2nd quarter. Oak Harvest Investment Services now owns 125,000 shares of the company's stock valued at $1,114,000 after purchasing an additional 25,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of LegalZoom.com by 87.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,388,664 shares of the company's stock valued at $12,358,000 after purchasing an additional 648,601 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of LegalZoom.com in the 2nd quarter valued at $247,000. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Up 1.0%

Shares of NASDAQ LZ opened at $11.09 on Tuesday. LegalZoom.com has a twelve month low of $5.56 and a twelve month high of $11.93. The firm has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $8.79. The company has a market capitalization of $2.00 billion, a PE ratio of 69.32, a P/E/G ratio of 4.68 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The business had revenue of $192.51 million during the quarter, compared to analysts' expectations of $182.49 million. LegalZoom.com had a net margin of 4.07% and a return on equity of 23.97%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. As a group, equities analysts expect that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

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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