Barclays PLC Buys 169,761 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Barclays PLC lifted its position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 308.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 224,782 shares of the company's stock after buying an additional 169,761 shares during the quarter. Barclays PLC owned about 0.13% of LegalZoom.com worth $1,427,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LZ. nVerses Capital LLC boosted its position in shares of LegalZoom.com by 16.2% in the third quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock valued at $100,000 after acquiring an additional 2,200 shares during the period. Quarry LP boosted its position in shares of LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company's stock valued at $38,000 after acquiring an additional 3,406 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock valued at $39,000 after acquiring an additional 3,919 shares during the period. Lombard Odier Asset Management USA Corp boosted its position in shares of LegalZoom.com by 29.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company's stock valued at $191,000 after acquiring an additional 5,208 shares during the period. Finally, Quest Partners LLC boosted its position in shares of LegalZoom.com by 43.8% in the second quarter. Quest Partners LLC now owns 21,943 shares of the company's stock valued at $184,000 after acquiring an additional 6,682 shares during the period. Institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LZ. UBS Group began coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a "neutral" rating and a $9.00 target price for the company. Morgan Stanley increased their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Monday. Citigroup increased their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upgraded LegalZoom.com from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $8.00 to $9.00 in a research note on Monday. Finally, Barclays increased their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8.81.

LegalZoom.com Trading Up 4.8 %

Shares of LegalZoom.com stock traded up $0.36 during trading on Monday, reaching $7.88. The stock had a trading volume of 1,486,475 shares, compared to its average volume of 1,047,411. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 60.62, a P/E/G ratio of 1.81 and a beta of 1.10. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74. The stock has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $7.11.

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

LegalZoom.com 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.