LegalZoom.com, Inc. (NASDAQ:LZ) Receives $9.79 Consensus PT from Analysts

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has been assigned an average rating of "Reduce" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.79.

A number of brokerages have issued reports on LZ. William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They set a "market perform" rating on the stock. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Friday, September 13th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $8.00 target price on shares of LegalZoom.com in a report on Friday. Finally, Jefferies Financial Group raised LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Wednesday, July 31st.

LegalZoom.com Stock Down 7.9 %

Shares of LZ traded down $0.73 during mid-day trading on Friday, reaching $8.49. The company had a trading volume of 1,761,894 shares, compared to its average volume of 903,620. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $13.74. The stock has a market capitalization of $1.49 billion, a P/E ratio of 65.31, a PEG ratio of 2.50 and a beta of 1.06. The stock has a 50 day moving average of $6.83 and a two-hundred day moving average of $7.61.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. LegalZoom.com had a return on equity of 28.39% and a net margin of 3.61%. The firm had revenue of $177.36 million for the quarter, compared to the consensus estimate of $172.92 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company's revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that LegalZoom.com will post 0.24 earnings per share for the current year.

Institutional Trading of LegalZoom.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of LegalZoom.com during the third quarter worth about $283,000. Intech Investment Management LLC acquired a new position in LegalZoom.com in the 3rd quarter valued at about $228,000. Citizens Financial Group Inc. RI acquired a new position in LegalZoom.com in the 3rd quarter valued at about $3,112,000. Jennison Associates LLC acquired a new position in LegalZoom.com in the 3rd quarter valued at about $687,000. Finally, Victory Capital Management Inc. increased its position in LegalZoom.com by 97.2% in the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company's stock valued at $824,000 after acquiring an additional 63,980 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.