Algert Global LLC lowered its position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 46.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,123 shares of the company's stock after selling 91,111 shares during the quarter. Algert Global LLC owned approximately 0.06% of LegalZoom.com worth $668,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC boosted its stake in shares of LegalZoom.com by 10.2% during the second quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company's stock worth $16,751,000 after buying an additional 184,696 shares during the period. Mainstream Capital Management LLC purchased a new stake in LegalZoom.com during the 3rd quarter valued at approximately $1,429,000. Renaissance Technologies LLC lifted its position in LegalZoom.com by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company's stock worth $20,698,000 after acquiring an additional 521,200 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of LegalZoom.com by 214.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,965 shares of the company's stock valued at $333,000 after purchasing an additional 17,024 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of LegalZoom.com by 163.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 116,876 shares of the company's stock valued at $1,560,000 after purchasing an additional 72,533 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.
LegalZoom.com Price Performance
NASDAQ:LZ traded down $0.01 during trading hours on Friday, reaching $7.93. 447,458 shares of the company were exchanged, compared to its average volume of 1,571,750. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74. The stock has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $7.27. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 61.00, a PEG ratio of 1.78 and a beta of 1.06.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. During the same period last year, the company posted $0.05 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. On average, analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on LZ shares. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Friday, September 13th. William Blair assumed coverage on LegalZoom.com in a report on Monday, September 16th. They issued a "market perform" rating on the stock. Barclays increased their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Citigroup raised their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $8.00 price objective on shares of LegalZoom.com in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.75.
Check Out Our Latest Analysis on LegalZoom.com
About LegalZoom.com
(
Free Report)
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.
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