LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Rating of "Hold" by Brokerages

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are covering the company, MarketBeat Ratings 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.64.

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

LegalZoom.com Stock Performance

LZ stock traded up $0.08 during midday trading on Thursday, reaching $9.18. The stock had a trading volume of 1,504,310 shares, compared to its average volume of 1,782,266. The firm has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $8.41. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $10.60. The stock has a market cap of $1.66 billion, a PE ratio of 70.62, a P/E/G ratio of 1.73 and a beta of 1.14.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Institutional Trading of LegalZoom.com

A number of institutional investors have recently made changes to their positions in LZ. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 2,574,700 shares during the last quarter. Nuveen LLC acquired a new stake in shares of LegalZoom.com in the first quarter valued at about $18,585,000. Driehaus Capital Management LLC purchased a new position in shares of LegalZoom.com in the first quarter worth about $10,822,000. Invenomic Capital Management LP purchased a new position in shares of LegalZoom.com in the first quarter worth about $9,457,000. Finally, Nuveen Asset Management LLC boosted its position in LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after acquiring an additional 877,125 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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.