LegalZoom.com (NASDAQ:LZ) Insider Nicole Miller Sells 25,154 Shares

Key Points

• Nicole Miller, an insider at LegalZoom.com, sold **25,154 shares** of stock at an average price of **$10.82**, resulting in a total transaction of **$272,166.28**.
• LegalZoom.com reported **$192.51 million** in revenue for its last quarter, exceeding expectations and marking an **8.5% year-over-year increase**.
• After recent adjustments, analysts have mixed views on LegalZoom.com, with a consensus price target of **$9.92**; two analysts rated it as a **Buy**, while one rated it as a **Sell**.

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) insider Nicole Miller sold 25,154 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the transaction, the insider directly owned 960,032 shares in the company, valued at approximately $10,387,546.24. This represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LegalZoom.com Stock Performance

Shares of LZ stock traded up $0.29 on Friday, hitting $10.98. 2,902,489 shares of the company's stock traded hands, compared to its average volume of 2,826,125. LegalZoom.com, Inc. has a one year low of $6.16 and a one year high of $11.93. The company's fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.90. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 68.63, a P/E/G ratio of 3.77 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting 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 revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LZ. Brighton Jones LLC purchased a new position in LegalZoom.com during the 4th quarter valued at about $185,000. Wells Fargo & Company MN lifted its position in LegalZoom.com by 34.1% during the 4th quarter. Wells Fargo & Company MN now owns 59,884 shares of the company's stock valued at $450,000 after acquiring an additional 15,232 shares during the period. Russell Investments Group Ltd. lifted its position in LegalZoom.com by 9.6% during the 4th quarter. Russell Investments Group Ltd. now owns 109,109 shares of the company's stock valued at $819,000 after acquiring an additional 9,598 shares during the period. Cerity Partners LLC purchased a new position in LegalZoom.com during the 4th quarter valued at about $119,000. Finally, Barclays PLC lifted its position in LegalZoom.com by 13.5% during the 4th quarter. Barclays PLC now owns 255,180 shares of the company's stock valued at $1,916,000 after acquiring an additional 30,398 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Barclays increased their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of LegalZoom.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com has a consensus rating of "Hold" and a consensus price target of $9.92.

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.