LegalZoom.com, Inc. (NASDAQ:LZ) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have received an average recommendation of "Reduce" from the nine analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.79.

A number of research firms have issued reports on LZ. UBS Group initiated coverage on LegalZoom.com in a research note on Friday, December 6th. They set a "neutral" rating and a $9.00 price target for the company. Citigroup lifted their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. William Blair initiated coverage on LegalZoom.com in a research report on Monday, September 16th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. restated an "underweight" rating and set a $8.00 price objective on shares of LegalZoom.com in a research note on Friday, November 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th.

LegalZoom.com Stock Down 2.3 %

NASDAQ:LZ traded down $0.18 on Monday, hitting $7.64. The stock had a trading volume of 1,264,085 shares, compared to its average volume of 1,540,023. LegalZoom.com has a 52 week low of $5.33 and a 52 week high of $13.74. The business's fifty day moving average is $7.80 and its 200 day moving average is $7.15. The company has a market cap of $1.32 billion, a PE ratio of 58.77, a P/E/G ratio of 1.81 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its earnings results 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. The company had revenue of $168.60 million for the quarter, compared to analysts' expectations of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. LegalZoom.com's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. Equities analysts predict that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of LegalZoom.com

A number of large investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its holdings in LegalZoom.com by 15.8% during the second quarter. Westwood Holdings Group Inc. now owns 5,581,315 shares of the company's stock valued at $46,827,000 after purchasing an additional 762,612 shares during the period. Renaissance Technologies LLC grew its stake in shares of LegalZoom.com by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company's stock worth $20,698,000 after acquiring an additional 521,200 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in LegalZoom.com in the 3rd quarter worth about $3,112,000. Tabor Asset Management LP raised its stake in LegalZoom.com by 44.9% in the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company's stock valued at $9,669,000 after acquiring an additional 472,002 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in LegalZoom.com by 25.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company's stock valued at $10,806,000 after purchasing an additional 262,335 shares during the last quarter. Hedge funds and other institutional investors 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.