PDT Partners LLC Purchases 115,849 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

PDT Partners LLC raised its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 66.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,452 shares of the company's stock after buying an additional 115,849 shares during the period. PDT Partners LLC owned about 0.17% of LegalZoom.com worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LZ. Aigen Investment Management LP purchased a new position in LegalZoom.com during the 4th quarter worth $76,000. Olympiad Research LP bought a new position in shares of LegalZoom.com during the fourth quarter valued at about $78,000. Quantessence Capital LLC purchased a new position in LegalZoom.com during the fourth quarter worth about $78,000. Sei Investments Co. bought a new stake in LegalZoom.com in the 4th quarter worth about $83,000. Finally, Cibc World Markets Corp bought a new stake in LegalZoom.com in the 4th quarter worth about $90,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Morgan Stanley lowered their target price on LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Barclays increased their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Hold" and a consensus target price of $9.06.

LegalZoom.com Stock Down 0.6 %

LZ traded down $0.05 on Monday, hitting $7.34. The company's stock had a trading volume of 315,225 shares, compared to its average volume of 1,831,004. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $12.21. The firm has a market cap of $1.29 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The company's 50 day simple moving average is $8.38 and its 200-day simple moving average is $8.21.

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.