Barclays Increases LegalZoom.com (NASDAQ:LZ) Price Target to $9.00

LegalZoom.com (NASDAQ:LZ - Free Report) had its target price upped by Barclays from $8.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. UBS Group started coverage on LegalZoom.com in a research report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $9.19.

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LegalZoom.com Stock Down 2.1 %

NASDAQ:LZ traded down $0.21 on Thursday, reaching $9.95. 4,436,873 shares of the company's stock were exchanged, compared to its average volume of 2,121,115. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 76.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $13.74. The business has a fifty day moving average of $8.53 and a 200-day moving average of $7.64.

Institutional Trading of LegalZoom.com

Several institutional investors have recently modified their holdings of LZ. Vanguard Group Inc. lifted its position in LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after acquiring an additional 2,574,700 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock worth $8,799,000 after purchasing an additional 877,125 shares in the last quarter. Norges Bank purchased a new stake in shares of LegalZoom.com in the 4th quarter valued at about $5,769,000. Ararat Capital Management LP boosted its position in shares of LegalZoom.com by 26.6% in the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock valued at $24,396,000 after purchasing an additional 682,678 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of LegalZoom.com by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock valued at $8,662,000 after purchasing an additional 585,734 shares during the period. Hedge funds and other 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.