LegalZoom.com (NASDAQ:LZ - Get Free Report) had its target price increased by equities researchers at Morgan Stanley from $7.00 to $8.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 1.52% from the stock's current price.
LZ has been the subject of a number of other reports. Citigroup increased their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Tuesday, November 26th. UBS Group started coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They issued a "neutral" rating and a $9.00 target price on the stock. William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They set a "market perform" rating on the stock. Barclays upped 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. Finally, JPMorgan Chase & Co. upgraded LegalZoom.com from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $8.00 to $9.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.81.
View Our Latest Stock Report on LZ
LegalZoom.com Price Performance
LZ stock traded up $0.36 on Monday, reaching $7.88. The company's stock had a trading volume of 1,486,475 shares, compared to its average volume of 1,047,411. The firm has a fifty day moving average of $7.92 and a two-hundred day moving average of $7.11. LegalZoom.com has a 52 week low of $5.33 and a 52 week high of $13.74. The company has a market capitalization of $1.36 billion, a P/E ratio of 60.62, a price-to-earnings-growth 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 business 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%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. As a group, equities analysts expect that LegalZoom.com will post 0.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of LegalZoom.com by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock valued at $3,605,000 after purchasing an additional 71,291 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of LegalZoom.com by 4.5% in the third quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company's stock worth $20,310,000 after buying an additional 132,189 shares during the period. Barclays PLC raised its holdings in shares of LegalZoom.com by 308.5% in the third quarter. Barclays PLC now owns 224,782 shares of the company's stock worth $1,427,000 after buying an additional 169,761 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of LegalZoom.com by 37.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 170,181 shares of the company's stock valued at $1,081,000 after purchasing an additional 45,941 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of LegalZoom.com in the third quarter worth about $143,000. Institutional investors own 81.99% of the company's stock.
LegalZoom.com Company Profile
(
Get Free Report)
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.
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