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

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have been given a consensus recommendation of "Hold" by the eight analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.08.

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

Institutional Investors Weigh In On LegalZoom.com

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in LegalZoom.com by 14.5% during 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 during the period. Renaissance Technologies LLC raised its holdings in LegalZoom.com by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock valued at $26,474,000 after acquiring an additional 250,409 shares during the period. Ararat Capital Management LP increased its holdings in shares of LegalZoom.com by 26.6% in the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after purchasing an additional 682,678 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of LegalZoom.com by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock worth $23,240,000 after purchasing an additional 26,607 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of LegalZoom.com by 8.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company's stock worth $18,828,000 after purchasing an additional 166,385 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Price Performance

LZ opened at $8.84 on Friday. The business has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $8.64. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 3.77 and a beta of 1.23. LegalZoom.com has a one year low of $5.56 and a one year high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The business had revenue of $183.11 million during the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the prior year, the company posted $0.09 EPS. LegalZoom.com's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that LegalZoom.com will post 0.25 EPS for the current fiscal year.

About LegalZoom.com

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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