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

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have received a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.08.

Several analysts have issued reports on the stock. JMP Securities restated 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 research report on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley increased their target price 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.

Institutional Trading of LegalZoom.com

Several institutional investors have recently modified their holdings of LZ. Arizona State Retirement System increased its stake in LegalZoom.com by 6.1% during the 1st quarter. Arizona State Retirement System now owns 29,728 shares of the company's stock worth $256,000 after buying an additional 1,697 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of LegalZoom.com by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company's stock valued at $646,000 after buying an additional 2,161 shares during the last quarter. Mariner LLC grew its position in shares of LegalZoom.com by 5.6% in the 4th quarter. Mariner LLC now owns 44,638 shares of the company's stock valued at $335,000 after buying an additional 2,348 shares during the last quarter. State of Wyoming boosted its stake in LegalZoom.com by 42.1% during the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock worth $63,000 after purchasing an additional 2,475 shares during the period. Finally, Corton Capital Inc. boosted its stake in LegalZoom.com by 18.3% during the 1st quarter. Corton Capital Inc. now owns 20,738 shares of the company's stock worth $179,000 after purchasing an additional 3,213 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

LegalZoom.com Stock Down 0.6%

LZ stock traded down $0.05 during mid-day trading on Friday, reaching $8.80. 1,669,499 shares of the company traded hands, compared to its average volume of 1,689,509. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 51.76, a P/E/G ratio of 3.77 and a beta of 1.23. LegalZoom.com has a fifty-two week low of $5.56 and a fifty-two week high of $10.60. The firm's 50 day moving average price is $9.06 and its 200 day moving average price is $8.67.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a return on equity of 28.00% and a net margin of 4.39%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. On average, analysts anticipate that LegalZoom.com will post 0.25 EPS 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.