LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $9.18, but opened at $9.52. LegalZoom.com shares last traded at $9.38, with a volume of 192,544 shares traded.
Wall Street Analysts Forecast Growth
LZ has been the subject of a number of recent research reports. Wall Street Zen raised LegalZoom.com from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Barclays lifted their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their target price on LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.64.
Check Out Our Latest Report on LegalZoom.com
LegalZoom.com Stock Performance
The firm has a 50-day moving average of $8.19 and a 200-day moving average of $8.46. The firm has a market capitalization of $1.66 billion, a P/E ratio of 70.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The business had revenue of $183.11 million during the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. LegalZoom.com's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. Equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.
Hedge Funds Weigh In On LegalZoom.com
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock worth $152,241,000 after acquiring an additional 2,574,700 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in LegalZoom.com by 7.6% in the fourth quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock worth $26,474,000 after purchasing an additional 250,409 shares during the last quarter. Ararat Capital Management LP grew its holdings in shares of LegalZoom.com by 26.6% in the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after acquiring an additional 682,678 shares during the period. Franklin Resources Inc. increased its position in shares of LegalZoom.com by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after purchasing an additional 26,607 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in LegalZoom.com by 8.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company's stock worth $18,828,000 after acquiring an additional 166,385 shares during the period. Institutional investors own 81.99% of the company's stock.
About LegalZoom.com
(
Get Free Report)
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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