JMP Securities Reaffirms Market Outperform Rating for LegalZoom.com (NASDAQ:LZ)

LegalZoom.com (NASDAQ:LZ - Get Free Report)'s stock had its "market outperform" rating restated by equities researchers at JMP Securities in a research report issued on Friday, Benzinga reports. They presently have a $14.00 price target on the stock. JMP Securities' target price suggests a potential upside of 54.70% from the company's current price.

LZ has been the subject of a number of other research reports. Barclays decreased their target price on LegalZoom.com from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, February 8th. Raymond James assumed coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of LegalZoom.com from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, LegalZoom.com presently has an average rating of "Moderate Buy" and an average price target of $14.75.

LegalZoom.com Price Performance

LegalZoom.com stock traded down $0.14 during mid-day trading on Friday, hitting $9.05. The company's stock had a trading volume of 4,934,265 shares, compared to its average volume of 1,384,141. The business has a 50 day moving average price of $12.23 and a 200-day moving average price of $11.47. LegalZoom.com has a 12 month low of $8.83 and a 12 month high of $15.68. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 3.32 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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. LegalZoom.com had a return on equity of 19.47% and a net margin of 3.15%. The business had revenue of $158.66 million for the quarter, compared to analysts' expectations of $156.25 million. On average, equities research analysts expect that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

Insider Activity

In other LegalZoom.com news, Director John Francis Murphy sold 10,000 shares of the business's 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 completion of the sale, the director now directly owns 40,507 shares in the company, valued at approximately $505,122.29. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Richard Preece sold 9,462 shares of the firm'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 value of $124,614.54. Following the transaction, the chief operating officer now owns 498,519 shares of the company's stock, valued at $6,565,495.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Francis Murphy sold 10,000 shares of the company's stock in a transaction that occurred 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 $505,122.29. The disclosure for this sale can be found here. Insiders have sold a total of 44,019 shares of company stock valued at $488,745 in the last 90 days. 10.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of LegalZoom.com during the 3rd quarter valued at $31,000. Parkside Financial Bank & Trust lifted its position in shares of LegalZoom.com by 116.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company's stock valued at $41,000 after acquiring an additional 2,002 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of LegalZoom.com by 686.8% in the fourth quarter. New York State Teachers Retirement System now owns 10,606 shares of the company's stock valued at $120,000 after acquiring an additional 9,258 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of LegalZoom.com in the fourth quarter worth about $120,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of LegalZoom.com during the first quarter worth about $135,000. Institutional investors own 81.99% of the company's stock.

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.