Pathway Capital Management LP Purchases New Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Pathway Capital Management LP bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 317,862 shares of the company's stock, valued at approximately $2,387,000. LegalZoom.com makes up about 2.4% of Pathway Capital Management LP's investment portfolio, making the stock its 5th largest holding. Pathway Capital Management LP owned 0.18% of LegalZoom.com at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after purchasing an additional 3,919 shares during the period. Quarry LP raised its position in LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company's stock worth $52,000 after purchasing an additional 3,732 shares during the last quarter. Wexford Capital LP acquired a new position in LegalZoom.com during the 3rd quarter worth about $64,000. Creative Planning bought a new stake in shares of LegalZoom.com in the 3rd quarter valued at about $72,000. Finally, Olympiad Research LP acquired a new stake in shares of LegalZoom.com in the fourth quarter valued at about $78,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LZ has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. UBS Group started coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price target on the stock. Barclays increased their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.19.

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LegalZoom.com Stock Up 1.6 %

LZ traded up $0.16 during midday trading on Wednesday, hitting $10.26. The company had a trading volume of 3,701,548 shares, compared to its average volume of 1,648,806. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 78.93, a PEG ratio of 1.73 and a beta of 1.13. The stock's 50 day moving average price is $8.62 and its 200 day moving average price is $7.70. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74.

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.