LegalZoom.com (NASDAQ:LZ) Price Target Raised to $8.00

LegalZoom.com (NASDAQ:LZ - Free Report) had its price target boosted by Barclays from $7.00 to $8.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently commented on the company. Jefferies Financial Group raised LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a research report on Wednesday, July 31st. William Blair assumed coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a "market perform" rating on the stock. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $8.00 price target on shares of LegalZoom.com in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, LegalZoom.com presently has a consensus rating of "Hold" and a consensus target price of $8.79.

LegalZoom.com Trading Down 1.2 %

NASDAQ LZ traded down $0.10 during trading on Monday, hitting $8.39. 1,710,976 shares of the company traded hands, compared to its average volume of 1,586,139. The company has a market capitalization of $1.45 billion, a P/E ratio of 65.38, a PEG ratio of 2.61 and a beta of 1.06. The business has a fifty day simple moving average of $6.83 and a 200 day simple moving average of $7.57. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm had revenue of $168.60 million during the quarter, compared to analysts' expectations of $167.66 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company's revenue was up .8% on a year-over-year basis. Equities research analysts predict that LegalZoom.com will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of LegalZoom.com by 318.9% during the second quarter. Quarry LP now owns 4,474 shares of the company's stock valued at $38,000 after acquiring an additional 3,406 shares during the period. Nisa Investment Advisors LLC boosted its position in LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock valued at $39,000 after buying an additional 3,919 shares in the last quarter. Point72 DIFC Ltd bought a new stake in LegalZoom.com during the second quarter worth about $71,000. Creative Planning acquired a new stake in shares of LegalZoom.com during the third quarter worth approximately $72,000. Finally, nVerses Capital LLC raised its stake in shares of LegalZoom.com by 16.2% in the third quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock valued at $100,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

About LegalZoom.com

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.