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

JMP Securities reaffirmed their market perform rating on shares of LegalZoom.com (NASDAQ:LZ - Free Report) in a report released on Friday morning,Benzinga reports.

Several other research firms have also issued reports on LZ. Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Barclays raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Citigroup boosted their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded shares of 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 report on Monday, January 13th. Finally, UBS Group assumed 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, LegalZoom.com presently has an average rating of "Hold" and a consensus target price of $8.81.

LegalZoom.com Stock Down 1.9 %

LZ traded down $0.17 during trading on Friday, hitting $8.99. 2,123,169 shares of the company's stock were exchanged, compared to its average volume of 1,372,061. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The stock has a market cap of $1.55 billion, a P/E ratio of 69.16, a PEG ratio of 1.73 and a beta of 1.10. The business's 50 day moving average is $8.08 and its two-hundred day moving average is $7.22.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. During the same quarter in the prior year, the business posted $0.05 EPS. The firm's revenue was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its holdings in shares of LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company's stock worth $38,000 after buying an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after acquiring an additional 3,919 shares during the period. Wexford Capital LP purchased a new stake in LegalZoom.com in the 3rd quarter worth approximately $64,000. Creative Planning bought a new position in LegalZoom.com in the 3rd quarter valued at $72,000. Finally, Paloma Partners Management Co purchased a new position in shares of LegalZoom.com during the 3rd quarter valued at $81,000. 81.99% of the stock is owned by institutional investors.

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.