LegalZoom.com (NASDAQ:LZ) Given Hold (C-) Rating at Weiss Ratings

Key Points

• LegalZoom.com (NASDAQ:LZ) received a "hold (C-)" rating from Weiss Ratings, which aligns with the consensus rating of "Hold" among analysts.
• The company's stock has shown a range of analyst opinions, with Barclays and Citigroup raising target prices, while the consensus target price is set at $10.83.
• LegalZoom.com reported a quarterly earnings EPS of $0.15, meeting expectations, with revenues surpassing analysts' predictions at $192.51 million.

LegalZoom.com (NASDAQ:LZ - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently issued reports on the stock. Barclays lifted their target price on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note 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 research note on Monday, September 8th. Citigroup lifted their target price on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Bank of America upgraded shares of LegalZoom.com from an "underperform" rating to a "buy" rating and lifted their target price for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.83.

LegalZoom.com Stock Performance

LZ stock opened at $9.97 on Wednesday. The stock has a market cap of $1.80 billion, a P/E ratio of 62.32, a P/E/G ratio of 3.06 and a beta of 1.23. The firm has a 50 day simple moving average of $10.42 and a 200 day simple moving average of $9.19. LegalZoom.com has a 52 week low of $6.33 and a 52 week high of $11.93.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business 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 firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period 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. Sell-side analysts predict that LegalZoom.com will post 0.25 EPS for the current year.

Insider Transactions at LegalZoom.com

In other news, Director John Francis Murphy sold 24,250 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total value of $256,322.50. Following the completion of the sale, the director directly owned 69,953 shares in the company, valued at approximately $739,403.21. The trade was a 25.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Miller sold 25,154 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the sale, the insider owned 960,032 shares of the company's stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,859 shares of company stock worth $1,193,100. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On LegalZoom.com

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company's stock valued at $41,000 after purchasing an additional 3,766 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in LegalZoom.com during the 2nd quarter valued at $133,000. State of Wyoming raised its stake in LegalZoom.com by 112.4% during the 2nd quarter. State of Wyoming now owns 50,351 shares of the company's stock valued at $449,000 after purchasing an additional 26,644 shares during the last quarter. Caxton Associates LLP raised its stake in LegalZoom.com by 147.0% during the 2nd quarter. Caxton Associates LLP now owns 110,895 shares of the company's stock valued at $988,000 after purchasing an additional 65,994 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in LegalZoom.com by 299.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,266 shares of the company's stock valued at $189,000 after purchasing an additional 15,947 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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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