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

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.19.

A number of equities analysts have recently commented on LZ shares. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Friday. Morgan Stanley raised their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, January 13th. William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Barclays raised their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target 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.

LegalZoom.com Stock Down 2.6 %

Shares of LZ stock traded down $0.19 on Wednesday, reaching $7.13. 2,277,794 shares of the stock were exchanged, compared to its average volume of 1,793,557. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $12.76. The stock has a market cap of $1.26 billion, a P/E ratio of 54.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The firm has a 50 day moving average of $8.98 and a two-hundred day moving average of $8.16.

Institutional Investors Weigh In On LegalZoom.com

A number of hedge funds have recently bought and sold shares of the business. Merit Financial Group LLC bought a new position in LegalZoom.com during the 1st quarter valued at $116,000. GAMMA Investing LLC grew its stake in LegalZoom.com by 2,750.6% in the first quarter. GAMMA Investing LLC now owns 9,635 shares of the company's stock worth $83,000 after purchasing an additional 9,297 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in LegalZoom.com in the fourth quarter valued at about $271,000. Mackenzie Financial Corp raised its stake in LegalZoom.com by 164.0% during the fourth quarter. Mackenzie Financial Corp now owns 84,086 shares of the company's stock valued at $631,000 after buying an additional 52,236 shares in the last quarter. Finally, PharVision Advisers LLC bought a new position in LegalZoom.com during the 4th quarter worth approximately $567,000. Institutional investors and hedge funds own 81.99% of the company's stock.

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.