Oak Harvest Investment Services Buys Shares of 100,000 LegalZoom.com, Inc. (NASDAQ:LZ)

Oak Harvest Investment Services acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $751,000. Oak Harvest Investment Services owned 0.06% of LegalZoom.com at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LZ. Citizens Financial Group Inc. RI bought a new position in shares of LegalZoom.com in the third quarter valued at $3,112,000. Tabor Asset Management LP lifted its position in LegalZoom.com by 44.9% in the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company's stock valued at $9,669,000 after acquiring an additional 472,002 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in LegalZoom.com by 25.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company's stock valued at $10,806,000 after purchasing an additional 262,335 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in LegalZoom.com during the 3rd quarter valued at about $1,429,000. Finally, Marshall Wace LLP bought a new stake in LegalZoom.com during the 2nd quarter worth approximately $1,784,000. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Price Performance

LegalZoom.com stock traded down $0.17 during midday trading on Friday, reaching $8.99. 2,123,169 shares of the company traded hands, compared to its average volume of 1,372,061. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 69.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $13.74. The business has a 50 day moving average of $8.08 and a two-hundred day moving average of $7.22.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $168.60 million for the quarter, compared to the consensus estimate of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

LZ has been the topic of several analyst reports. UBS Group began coverage on shares of LegalZoom.com in a report on Friday, December 6th. They set a "neutral" rating and a $9.00 price target on the stock. Morgan Stanley increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Barclays boosted 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. Citigroup raised their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Finally, JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LegalZoom.com currently has an average rating of "Hold" and a consensus price target of $8.81.

LegalZoom.com 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.