225,000 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC purchased a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 225,000 shares of the company's stock, valued at approximately $1,429,000. LegalZoom.com comprises about 1.2% of Mainstream Capital Management LLC's investment portfolio, making the stock its 26th largest position. Mainstream Capital Management LLC owned 0.13% of LegalZoom.com as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in shares of LegalZoom.com by 15.7% during the first quarter. Swiss National Bank now owns 241,200 shares of the company's stock worth $3,218,000 after purchasing an additional 32,700 shares during the period. Susquehanna Fundamental Investments LLC increased its position in shares of LegalZoom.com by 148.3% in the first quarter. Susquehanna Fundamental Investments LLC now owns 70,797 shares of the company's stock valued at $944,000 after buying an additional 42,288 shares in the last quarter. Sei Investments Co. increased its position in shares of LegalZoom.com by 39.6% in the first quarter. Sei Investments Co. now owns 83,698 shares of the company's stock valued at $1,117,000 after buying an additional 23,730 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of LegalZoom.com by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 167,917 shares of the company's stock valued at $2,240,000 after buying an additional 8,481 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of LegalZoom.com by 22.5% in the first quarter. ProShare Advisors LLC now owns 24,042 shares of the company's stock valued at $321,000 after buying an additional 4,420 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

LegalZoom.com Trading Down 7.9 %

LZ stock traded down $0.73 during midday trading on Friday, hitting $8.49. 1,761,858 shares of the company's stock were exchanged, compared to its average volume of 1,585,564. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $13.74. The firm has a 50 day moving average price of $6.80 and a 200-day moving average price of $7.66. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 65.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. LegalZoom.com had a return on equity of 22.36% and a net margin of 3.10%. The company had revenue of $177.36 million for the quarter, compared to the consensus estimate of $172.92 million. During the same period in the previous year, the business earned $0.02 EPS. LegalZoom.com's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that LegalZoom.com, Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. William Blair assumed coverage on LegalZoom.com in a research report on Monday, September 16th. They set a "market perform" rating for the company. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $8.00 price objective on shares of LegalZoom.com in a research report on Friday. Jefferies Financial Group upgraded LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research report on Wednesday, July 31st. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.79.

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.