LegalZoom.com (NASDAQ:LZ) Trading Down 2.1%

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) dropped 2.1% during trading on Monday . The stock traded as low as $9.76 and last traded at $9.77. Approximately 141,355 shares were traded during trading, a decline of 89% from the average daily volume of 1,280,126 shares. The stock had previously closed at $9.98.

Wall Street Analyst Weigh In

A number of research firms recently commented on LZ. JMP Securities reissued a "market outperform" rating and issued a $14.00 price target on shares of LegalZoom.com in a report on Friday, April 12th. JPMorgan Chase & Co. raised their target price on shares of LegalZoom.com from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. Barclays decreased their price target on shares of LegalZoom.com from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. Finally, Raymond James assumed coverage on LegalZoom.com in a research 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, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.75.

LegalZoom.com Stock Down 2.3 %

The firm has a 50 day moving average price of $12.54 and a 200 day moving average price of $11.51. The stock has a market cap of $1.83 billion, a PE ratio of 88.64, a price-to-earnings-growth ratio of 3.26 and a beta of 1.24.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. LegalZoom.com had a net margin of 3.15% and a return on equity of 19.47%. Equities analysts forecast that LegalZoom.com, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at LegalZoom.com

In other news, COO Richard Preece sold 9,462 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total value of $124,614.54. Following the completion of the sale, the chief operating officer now owns 498,519 shares of the company's stock, valued at approximately $6,565,495.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LegalZoom.com news, COO Richard Preece sold 9,462 shares of the business's 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 sale, the chief operating officer now owns 498,519 shares of the company's stock, valued at approximately $6,565,495.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Francis Murphy sold 10,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the transaction, 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. Insiders sold 60,555 shares of company stock valued at $664,688 over the last 90 days. Insiders own 10.50% of the company's stock.

Institutional Trading of LegalZoom.com

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in LegalZoom.com by 7.3% during the first quarter. Vanguard Group Inc. now owns 16,935,396 shares of the company's stock valued at $225,918,000 after acquiring an additional 1,158,252 shares in the last quarter. Technology Crossover Management IX Ltd. increased its holdings in shares of LegalZoom.com by 14.6% during the 4th 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 in the last quarter. Hawk Ridge Capital Management LP lifted its stake in shares of LegalZoom.com by 2.4% in the 4th quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company's stock valued at $64,798,000 after purchasing an additional 135,517 shares during the period. Blair William & Co. IL boosted its holdings in LegalZoom.com by 5.4% during the first quarter. Blair William & Co. IL now owns 3,836,392 shares of the company's stock worth $51,177,000 after buying an additional 195,512 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of LegalZoom.com by 83.0% during the 3rd quarter. Boston Partners now owns 3,315,845 shares of the company's stock worth $35,877,000 after acquiring an additional 1,504,152 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.