LegalZoom.com (NASDAQ:LZ) Given Market Perform Rating at JMP Securities

JMP Securities restated their market perform rating on shares of LegalZoom.com (NASDAQ:LZ - Free Report) in a research note issued to investors on Tuesday,Benzinga reports.

Several other research analysts have also recently issued reports on LZ. Citigroup upped their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Tuesday, November 26th. UBS Group assumed coverage on LegalZoom.com in a report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price target on the stock. JPMorgan Chase & Co. upped their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Finally, Barclays lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, LegalZoom.com currently has an average rating of "Hold" and an average target price of $9.06.

LegalZoom.com Trading Up 1.2 %

NASDAQ:LZ traded up $0.11 during midday trading on Tuesday, hitting $9.19. 1,163,030 shares of the stock were exchanged, compared to its average volume of 1,623,885. LegalZoom.com has a one year low of $5.33 and a one year high of $13.74. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 70.66, a P/E/G ratio of 1.76 and a beta of 1.13. The business has a 50-day moving average price of $8.28 and a two-hundred day moving average price of $7.38.

Hedge Funds Weigh In On LegalZoom.com

Institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC lifted its holdings in 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 buying an additional 2,200 shares during the period. Mariner LLC lifted its holdings in LegalZoom.com by 5.6% in the fourth quarter. Mariner LLC now owns 44,638 shares of the company's stock valued at $335,000 after buying an additional 2,348 shares during the period. Quarry LP lifted its holdings in LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company's stock valued at $52,000 after buying an additional 3,732 shares during the period. Nisa Investment Advisors LLC lifted its holdings in 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 buying an additional 3,919 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in LegalZoom.com by 6.8% in the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock valued at $552,000 after buying an additional 4,697 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.