Barclays PLC lifted its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 308.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 224,782 shares of the company's stock after purchasing an additional 169,761 shares during the period. Barclays PLC owned 0.13% of LegalZoom.com worth $1,427,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC boosted its stake in 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. Quarry LP lifted its stake in shares of LegalZoom.com by 318.9% in the 2nd quarter. Quarry LP now owns 4,474 shares of the company's stock valued at $38,000 after purchasing an additional 3,406 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after purchasing an additional 3,919 shares during the last quarter. Lombard Odier Asset Management USA Corp boosted its position in shares of LegalZoom.com by 29.6% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company's stock worth $191,000 after purchasing an additional 5,208 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of LegalZoom.com by 43.8% during the second quarter. Quest Partners LLC now owns 21,943 shares of the company's stock worth $184,000 after purchasing an additional 6,682 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.
LegalZoom.com Price Performance
NASDAQ LZ traded down $0.09 during trading on Friday, reaching $7.82. 924,693 shares of the company's stock were exchanged, compared to its average volume of 1,541,128. The business has a 50 day moving average price of $7.80 and a 200-day moving average price of $7.15. The stock has a market capitalization of $1.35 billion, a P/E ratio of 60.16, a PEG ratio of 1.81 and a beta of 1.10. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $13.74.
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, topping analysts' consensus estimates of $0.15 by $0.02. The firm had revenue of $168.60 million during the quarter, compared to analysts' expectations of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. On average, analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on LZ shares. Barclays increased their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. UBS Group assumed coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price objective for the company. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $8.00 target price on shares of LegalZoom.com in a report on Friday, November 8th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.79.
Check Out Our Latest Stock Report 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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