William Blair Decreases Earnings Estimates for LegalZoom.com

LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) - Stock analysts at William Blair decreased their FY2025 earnings per share estimates for LegalZoom.com in a report released on Tuesday, February 11th. William Blair analyst S. Sheldon now forecasts that the company will post earnings per share of $0.29 for the year, down from their previous forecast of $0.30. The consensus estimate for LegalZoom.com's current full-year earnings is $0.25 per share.

A number of other brokerages have also commented on LZ. Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday. Barclays lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Citigroup raised their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Finally, UBS Group assumed coverage on LegalZoom.com in a research report on Friday, December 6th. They set a "neutral" rating and a $9.00 price objective for the company. 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 stock. Based on data from MarketBeat, LegalZoom.com presently has a consensus rating of "Hold" and a consensus price target of $9.06.

LegalZoom.com Stock Up 1.1 %

Shares of LZ stock traded up $0.10 during mid-day trading on Wednesday, reaching $9.18. 1,422,052 shares of the stock traded hands, compared to its average volume of 1,664,340. The stock's fifty day simple moving average is $8.30 and its two-hundred day simple moving average is $7.39. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 70.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Institutional Investors Weigh In On LegalZoom.com

A number of hedge funds have recently added to or reduced their stakes in the business. Utah Retirement Systems bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $477,000. PDT Partners LLC increased its holdings in shares of LegalZoom.com by 66.0% during the fourth quarter. PDT Partners LLC now owns 291,452 shares of the company's stock valued at $2,189,000 after acquiring an additional 115,849 shares in the last quarter. Quarry LP increased its holdings in shares of LegalZoom.com by 117.4% during the fourth quarter. Quarry LP now owns 17,837 shares of the company's stock valued at $134,000 after acquiring an additional 9,631 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of LegalZoom.com by 123.7% during the fourth quarter. Boothbay Fund Management LLC now owns 23,604 shares of the company's stock valued at $177,000 after acquiring an additional 13,053 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $2,391,000. 81.99% of the stock is currently owned by institutional investors.

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.