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

Key Points

• LegalZoom.com (NASDAQ:LZ) has received a consensus rating of "Hold" from analysts, with one sell, five hold, and two buy recommendations.
• The average 12-month price target for LegalZoom.com among brokers is $10.83, with Citigroup raising their target to $12.00 and JPMorgan increasing it to $14.00 recently.
• LegalZoom.com reported $192.51 million in revenue for the latest quarter, surpassing analyst estimates and showing an 8.5% year-over-year growth.

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has earned an average rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities 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 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.8333.

LZ has been the subject of several recent research reports. Citigroup increased their price target on LegalZoom.com from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Barclays upped their price objective on shares of LegalZoom.com from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Bank of America raised shares of LegalZoom.com from an "underperform" rating to a "buy" rating and increased their price target for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $10.38 on Wednesday. LegalZoom.com has a one year low of $6.26 and a one year high of $11.93. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 64.88, a PEG ratio of 3.35 and a beta of 1.25. The company has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $9.16.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $192.51 million for the quarter, compared to analyst estimates of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The business's revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the sale, the insider directly owned 960,032 shares in the company, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The transaction 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 the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total value of $256,322.50. Following the transaction, the director directly owned 69,953 shares in the company, valued at $739,403.21. This represents a 25.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,859 shares of company stock valued at $1,193,100 in the last three months. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of LegalZoom.com

Several large investors have recently bought and sold shares of LZ. Wealth Enhancement Advisory Services LLC acquired a new position in shares of LegalZoom.com during the 1st quarter worth $281,000. Allspring Global Investments Holdings LLC increased its holdings in LegalZoom.com by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,857 shares of the company's stock valued at $403,000 after acquiring an additional 16,430 shares in the last quarter. Mackenzie Financial Corp raised its position in LegalZoom.com by 104.9% during the first quarter. Mackenzie Financial Corp now owns 172,304 shares of the company's stock worth $1,484,000 after acquiring an additional 88,218 shares during the last quarter. Nuveen LLC purchased a new stake in shares of LegalZoom.com in the first quarter valued at about $18,585,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of LegalZoom.com in the first quarter valued at about $301,000. Institutional investors and hedge funds own 81.99% of the company's stock.

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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