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

Key Points

• LegalZoom.com (NASDAQ:LZ) has an average consensus rating of "Hold" from nine research firms, with one analyst recommending a sell, six a hold, and two a buy.
• Institutional investors own approximately 81.99% of LegalZoom's stock, with notable new investments from firms such as Nuveen LLC and Driehaus Capital Management LLC.
• The company reported a quarterly earnings per share of $0.15, meeting analysts' expectations, and its revenue increased 8.5% year-over-year to $192.51 million.

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.8333.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Citigroup lifted their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Weiss Ratings reiterated a "hold (c-)" rating on shares of LegalZoom.com in a research report on Saturday. Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Finally, Bank of America upgraded shares of LegalZoom.com from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $8.00 to $12.00 in a research report on Friday, August 8th.

Insider Transactions at LegalZoom.com

In other news, CFO Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.07, for a total transaction of $302,421.33. Following the completion of the sale, the chief financial officer owned 1,676,426 shares in the company, valued at $18,558,035.82. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the sale, the director owned 69,953 shares of the company's stock, valued at approximately $739,403.21. This represents a 25.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,859 shares of company stock worth $1,193,100 in the last quarter. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LZ. Nuveen LLC bought a new position in LegalZoom.com during the 1st quarter worth approximately $18,585,000. Driehaus Capital Management LLC bought a new position in LegalZoom.com in the first quarter valued at approximately $10,822,000. Qube Research & Technologies Ltd lifted its stake in LegalZoom.com by 180.5% in the second quarter. Qube Research & Technologies Ltd now owns 1,797,252 shares of the company's stock valued at $16,014,000 after buying an additional 1,156,462 shares in the last quarter. Invenomic Capital Management LP bought a new position in LegalZoom.com in the first quarter valued at approximately $9,457,000. Finally, Lazard Asset Management LLC lifted its stake in LegalZoom.com by 507.3% in the second quarter. Lazard Asset Management LLC now owns 1,104,734 shares of the company's stock valued at $9,842,000 after buying an additional 922,829 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Trading Down 0.8%

LZ opened at $10.37 on Friday. The stock has a market capitalization of $1.87 billion, a PE ratio of 64.82, a PEG ratio of 3.18 and a beta of 1.23. LegalZoom.com has a 1-year low of $6.47 and a 1-year high of $11.93. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $9.33.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm 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 20.36%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that LegalZoom.com will post 0.25 EPS for the current 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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