LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Rating of "Hold" by Brokerages

LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) has earned an average rating of "Hold" from the ten analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.19.

A number of equities analysts have recently issued reports on LZ shares. UBS Group started coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They set a "neutral" rating and a $9.00 target price on the stock. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Barclays upped their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th.

Institutional Investors Weigh In On LegalZoom.com

Large investors have recently bought and sold shares of the company. Barclays PLC increased its stake in LegalZoom.com by 308.5% in the third quarter. Barclays PLC now owns 224,782 shares of the company's stock valued at $1,427,000 after purchasing an additional 169,761 shares in the last quarter. Pathway Capital Management LP bought a new stake in LegalZoom.com in the fourth quarter valued at approximately $2,387,000. JPMorgan Chase & Co. increased its stake in LegalZoom.com by 14.4% in the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock valued at $3,605,000 after purchasing an additional 71,291 shares in the last quarter. Oak Harvest Investment Services bought a new stake in LegalZoom.com in the fourth quarter valued at approximately $751,000. Finally, Citizens Financial Group Inc. RI increased its stake in LegalZoom.com by 11.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock valued at $4,096,000 after purchasing an additional 55,336 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

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LegalZoom.com Stock Down 1.8 %

NASDAQ:LZ traded down $0.17 on Friday, reaching $9.39. The stock had a trading volume of 1,116,472 shares, compared to its average volume of 1,674,154. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.58. The stock has a fifty day moving average price of $8.94 and a 200-day moving average price of $7.89. The company has a market capitalization of $1.65 billion, a P/E ratio of 72.24, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09.

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.