LegalZoom.com (NASDAQ:LZ) Given "Market Perform" Rating at JMP Securities

LegalZoom.com (NASDAQ:LZ - Get Free Report)'s stock had its "market perform" rating reaffirmed by stock analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports.

Several other research analysts have also recently weighed in on the company. Barclays boosted their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Finally, William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Hold" and a consensus target price of $9.06.

LegalZoom.com Stock Down 1.0 %

Shares of LegalZoom.com stock traded down $0.07 during trading hours on Friday, reaching $7.02. 848,474 shares of the company's stock were exchanged, compared to its average volume of 1,797,630. The business has a fifty day moving average of $8.90 and a two-hundred day moving average of $8.15. The company has a market capitalization of $1.24 billion, a P/E ratio of 54.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com has a 1 year low of $5.33 and a 1 year high of $12.55.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State of Wyoming raised its stake in shares of LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company's stock valued at $63,000 after acquiring an additional 2,475 shares during the period. Aigen Investment Management LP acquired a new position in LegalZoom.com during the fourth quarter worth $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com during the fourth quarter worth $78,000. Quantessence Capital LLC acquired a new stake in shares of LegalZoom.com in the fourth quarter valued at $78,000. Finally, Sei Investments Co. acquired a new position in shares of LegalZoom.com in the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 81.99% of the company's stock.

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.