LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 2,855 put options on the stock. This is an increase of approximately 163% compared to the average volume of 1,084 put options.
Insider Transactions at LegalZoom.com
In other LegalZoom.com news, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Richard Preece sold 9,462 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at approximately $6,565,495.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Francis Murphy sold 10,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the director now directly owns 40,507 shares of the company's stock, valued at approximately $505,122.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,555 shares of company stock valued at $664,688. 44.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On LegalZoom.com
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LZ. Vanguard Group Inc. grew its holdings in shares of LegalZoom.com by 21.4% during the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company's stock valued at $178,282,000 after buying an additional 2,777,206 shares during the last quarter. Blair William & Co. IL grew its stake in LegalZoom.com by 166.0% during the 3rd quarter. Blair William & Co. IL now owns 3,476,226 shares of the company's stock valued at $38,030,000 after purchasing an additional 2,169,132 shares during the last quarter. Technology Crossover Management IX Ltd. increased its holdings in shares of LegalZoom.com by 14.6% in the fourth quarter. Technology Crossover Management IX Ltd. now owns 16,396,313 shares of the company's stock valued at $185,278,000 after purchasing an additional 2,094,240 shares during the period. Hawk Ridge Capital Management LP raised its stake in shares of LegalZoom.com by 47.5% in the third quarter. Hawk Ridge Capital Management LP now owns 5,598,836 shares of the company's stock worth $61,251,000 after purchasing an additional 1,802,959 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of LegalZoom.com by 83.0% during the third quarter. Boston Partners now owns 3,315,845 shares of the company's stock worth $35,877,000 after purchasing an additional 1,504,152 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. JMP Securities restated a "market outperform" rating and issued a $14.00 price objective on shares of LegalZoom.com in a report on Friday, April 12th. Barclays decreased their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd. Finally, Raymond James began coverage on LegalZoom.com in a report on Wednesday, March 27th. They set a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $14.36.
Check Out Our Latest Stock Report on LZ
LegalZoom.com Trading Up 1.0 %
Shares of LegalZoom.com stock traded up $0.12 during trading on Monday, hitting $12.05. 1,316,020 shares of the stock traded hands, compared to its average volume of 1,197,013. LegalZoom.com has a 52-week low of $7.78 and a 52-week high of $15.68. The stock's fifty day simple moving average is $12.74 and its 200 day simple moving average is $11.50. The firm has a market cap of $2.28 billion, a P/E ratio of 150.63, a price-to-earnings-growth ratio of 4.18 and a beta of 1.24.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. As a group, equities analysts expect that LegalZoom.com will post 0.3 EPS for the current year.
LegalZoom.com Company Profile
(
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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