Clare Market Investments LLC Makes New Investment in LegalZoom.com, Inc. (NASDAQ:LZ)

Clare Market Investments LLC bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,025 shares of the company's stock, valued at approximately $218,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company's stock worth $52,000 after purchasing an additional 3,732 shares during the period. Wexford Capital LP bought a new position in shares of LegalZoom.com in the third quarter worth approximately $64,000. Aigen Investment Management LP bought a new position in shares of LegalZoom.com in the fourth quarter worth approximately $76,000. Olympiad Research LP bought a new position in shares of LegalZoom.com in the fourth quarter worth approximately $78,000. Finally, Creative Planning purchased a new position in shares of LegalZoom.com in the third quarter worth $72,000. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Stock Performance

LZ stock traded up $0.32 during mid-day trading on Friday, reaching $9.30. 1,610,300 shares of the stock traded hands, compared to its average volume of 1,678,048. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.61. The stock has a market capitalization of $1.64 billion, a PE ratio of 71.54, a PEG ratio of 1.73 and a beta of 1.09. The business has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $7.83.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. UBS Group assumed coverage on shares of LegalZoom.com in a report on Friday, December 6th. They issued a "neutral" rating and a $9.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.19.

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.