Numerai GP LLC Sells 165,709 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Numerai GP LLC cut its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 42.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,448 shares of the company's stock after selling 165,709 shares during the period. Numerai GP LLC owned 0.13% of LegalZoom.com worth $1,686,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Pathway Capital Management LP bought a new position in shares of LegalZoom.com in the fourth quarter valued at approximately $2,387,000. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 14.4% in the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock valued at $3,605,000 after purchasing an additional 71,291 shares during the period. Oak Harvest Investment Services acquired a new stake in shares of LegalZoom.com in the fourth quarter worth $751,000. Citizens Financial Group Inc. RI grew its stake in shares of LegalZoom.com by 11.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock worth $4,096,000 after acquiring an additional 55,336 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of LegalZoom.com by 44.8% in the fourth quarter. SG Americas Securities LLC now owns 90,104 shares of the company's stock worth $677,000 after acquiring an additional 27,867 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Stock Up 1.0%

LZ traded up $0.09 during trading on Friday, reaching $9.29. 1,459,476 shares of the company's stock were exchanged, compared to its average volume of 1,835,748. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60. The business has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.31. The company has a market capitalization of $1.68 billion, a P/E ratio of 71.47, a PEG ratio of 1.73 and a beta of 1.14.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Barclays raised their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Finally, William Blair restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.19.

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.