LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Recommendation of "Reduce" by Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.75.

Several research analysts have commented on the stock. JPMorgan Chase & Co. restated an "underweight" rating and set a $8.00 price objective on shares of LegalZoom.com in a research report on Friday, November 8th. Barclays boosted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Friday, September 13th. Citigroup boosted their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Finally, William Blair began coverage on shares of LegalZoom.com in a report on Monday, September 16th. They set a "market perform" rating for the company.

LegalZoom.com Price Performance

NASDAQ LZ traded down $0.15 during trading on Thursday, reaching $8.05. 660,469 shares of the company's stock were exchanged, compared to its average volume of 1,559,618. The business has a 50 day moving average price of $7.32 and a 200-day moving average price of $7.23. The stock has a market capitalization of $1.39 billion, a P/E ratio of 62.00, a PEG ratio of 1.78 and a beta of 1.10. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company had revenue of $168.60 million during the quarter, compared to analysts' expectations of $167.66 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business's revenue was up .8% on a year-over-year basis. On average, analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current year.

Institutional Trading of LegalZoom.com

Several hedge funds have recently bought and sold shares of LZ. Franklin Resources Inc. increased its holdings in LegalZoom.com by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company's stock worth $20,310,000 after purchasing an additional 132,189 shares in the last quarter. Barclays PLC boosted its position in shares of LegalZoom.com by 308.5% during the third quarter. Barclays PLC now owns 224,782 shares of the company's stock valued at $1,427,000 after buying an additional 169,761 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in LegalZoom.com by 37.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 170,181 shares of the company's stock worth $1,081,000 after buying an additional 45,941 shares in the last quarter. XTX Topco Ltd purchased a new stake in LegalZoom.com in the 3rd quarter valued at $143,000. Finally, Wexford Capital LP bought a new position in LegalZoom.com during the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 81.99% of the company's stock.

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.