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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LegalZoom.com in the last twelve months. 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 1-year target prices for LegalZoom.com's shares. Their LZ share price forecasts range from $7.50 to $15.00. On average, they predict the company's share price to reach $12.25 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
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LegalZoom.com's stock was trading at $7.74 at the start of the year. Since then, LZ shares have increased by 61.1% and is now trading at $12.47.
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LegalZoom.com saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,700,000 shares, an increase of 34.4% from the April 30th total of 7,960,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 10.2 days. Approximately 13.2% of the company's shares are sold short.
View LegalZoom.com's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our LZ earnings forecast.

LegalZoom.com, Inc. (NASDAQ:LZ) issued its quarterly earnings results on Tuesday, May, 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $165.90 million for 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) EPS.

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 a price of $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 variety of retail and institutional investors. Top institutional shareholders 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 $12.47.

LegalZoom.com (NASDAQ:LZ) has a market capitalization of $2.38 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.