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

Shares of LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) have earned a consensus rating of "Hold" from the ten analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.81.

LZ has been the topic of several analyst reports. UBS Group began coverage on LegalZoom.com in a research report on Friday, December 6th. They set a "neutral" rating and a $9.00 price target on the stock. Citigroup lifted their price target 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 upped their price target for the company from $8.00 to $9.00 in a research report on Monday, January 13th. Morgan Stanley increased their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. Finally, Barclays raised their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th.

LegalZoom.com Trading Down 1.5 %

Shares of LZ stock traded down $0.13 during trading hours on Friday, reaching $8.44. 1,258,427 shares of the company's stock were exchanged, compared to its average volume of 1,176,102. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The stock's 50 day moving average is $7.92 and its 200-day moving average is $7.12. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 64.97, a P/E/G ratio of 1.58 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating 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 period last year, the business posted $0.05 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Equities analysts anticipate that LegalZoom.com will post 0.25 EPS for the current year.

Hedge Funds Weigh In On LegalZoom.com

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC boosted its holdings in shares of LegalZoom.com by 16.2% in the 3rd quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock valued at $100,000 after buying an additional 2,200 shares in the last quarter. Quarry LP increased its position in shares of LegalZoom.com by 318.9% during the second quarter. Quarry LP now owns 4,474 shares of the company's stock worth $38,000 after purchasing an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of LegalZoom.com by 40.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,400 shares of the company's stock valued at $161,000 after purchasing an additional 7,300 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in LegalZoom.com during the 2nd quarter worth approximately $71,000. 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.