LegalZoom.com (NASDAQ:LZ) Earns Underweight Rating from JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ - Get Free Report)'s stock had its "underweight" rating restated by JPMorgan Chase & Co. in a research note issued on Friday, MarketBeat Ratings reports. They currently have a $8.00 target price on the stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 5.77% from the stock's current price.

Several other research analysts also recently commented on the company. William Blair initiated coverage on LegalZoom.com in a research note on Monday, September 16th. They set a "market perform" rating for the company. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Friday, September 13th. Finally, Jefferies Financial Group raised LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Hold" and a consensus target price of $9.79.

LegalZoom.com Stock Down 7.9 %

Shares of NASDAQ:LZ traded down $0.73 during midday trading on Friday, hitting $8.49. The stock had a trading volume of 1,761,858 shares, compared to its average volume of 1,585,564. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The business's 50-day simple moving average is $6.80 and its 200-day simple moving average is $7.66. The company has a market cap of $1.49 billion, a P/E ratio of 65.08, a PEG ratio of 2.22 and a beta of 1.06.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The business had revenue of $177.36 million during the quarter, compared to analysts' expectations of $172.92 million. During the same period last year, the business earned $0.02 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. As a group, equities analysts predict that LegalZoom.com will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LZ. Swiss National Bank grew its stake in shares of LegalZoom.com by 15.7% during the 1st quarter. Swiss National Bank now owns 241,200 shares of the company's stock worth $3,218,000 after acquiring an additional 32,700 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of LegalZoom.com by 148.3% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 70,797 shares of the company's stock worth $944,000 after acquiring an additional 42,288 shares during the period. Sei Investments Co. grew its stake in shares of LegalZoom.com by 39.6% during the 1st quarter. Sei Investments Co. now owns 83,698 shares of the company's stock worth $1,117,000 after acquiring an additional 23,730 shares during the period. Russell Investments Group Ltd. grew its stake in shares of LegalZoom.com by 5.3% during the 1st quarter. Russell Investments Group Ltd. now owns 167,917 shares of the company's stock worth $2,240,000 after acquiring an additional 8,481 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of LegalZoom.com by 22.5% during the 1st quarter. ProShare Advisors LLC now owns 24,042 shares of the company's stock worth $321,000 after acquiring an additional 4,420 shares during the period. Institutional investors 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.