LegalZoom.com (LZ) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LegalZoom.com in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LZ shares.
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6 brokers have issued 12 month price targets for LegalZoom.com's stock. Their LZ share price forecasts range from $7.50 to $15.00. On average, they anticipate the company's share price to reach $12.25 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
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LegalZoom.com's stock was trading at $7.74 at the beginning of 2023. Since then, LZ shares have increased by 58.1% and is now trading at $12.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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LegalZoom.com, Inc. (NASDAQ:LZ) released its quarterly earnings data on Tuesday, May, 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company earned $165.90 million during the quarter, compared to analysts' expectations of $155.16 million. LegalZoom.com had a negative net margin of 3.79% and a negative trailing twelve-month return on equity of 9.32%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) earnings per share.

BlackRock Future Tech ETF holds 7,856 shares of LZ stock, representing 0.68% of its portfolio.

LegalZoom.com issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $166.00 million-$168.00 million, compared to the consensus revenue estimate of $161.82 million.

(LZ) raised $488 million in an IPO on Wednesday, June 30th 2021. The company issued 19,121,000 shares at $24.00-$27.00 per share.

LegalZoom.com trades on the NASDAQ under the ticker symbol "LZ."

LegalZoom.com's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.41%), Franklin Resources Inc. (1.43%), Geode Capital Management LLC (0.96%), ArrowMark Colorado Holdings LLC (0.91%), State Street Corp (0.89%) and FMR LLC (0.72%). Insiders that own company stock include Daniel A Wernikoff, Nicole Miller, Noel Bertram Watson, Richard Preece and Shrisha Radhakrishna.
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Shares of LZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LZ stock can currently be purchased for approximately $12.24.

LegalZoom.com (NASDAQ:LZ) has a market capitalization of $2.34 billion and generates $619.98 million in revenue each year. The company earns $-48,730,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis.

The company employs 1,383 workers across the globe.

LegalZoom.com's mailing address is 101 N. BRAND BLVD. SUITE 1100, GLENDALE CA, 91203. The official website for the company is www.legalzoom.com. The company can be reached via phone at 323-962-8600 or via email at investor@legalzoom.com.