LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 43.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,603 shares of the company's stock after selling 136,771 shares during the quarter. PDT Partners LLC owned about 0.10% of LegalZoom.com worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Coastal Bridge Advisors LLC lifted its stake in LegalZoom.com by 10.2% during the 2nd quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company's stock valued at $16,751,000 after acquiring an additional 184,696 shares during the period. Mainstream Capital Management LLC acquired a new position in LegalZoom.com during the third quarter valued at $1,429,000. Renaissance Technologies LLC boosted its holdings in LegalZoom.com by 26.8% in the second quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company's stock valued at $20,698,000 after purchasing an additional 521,200 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of LegalZoom.com by 214.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,965 shares of the company's stock valued at $333,000 after buying an additional 17,024 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of LegalZoom.com by 163.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,876 shares of the company's stock valued at $1,560,000 after buying an additional 72,533 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Stock Performance

Shares of LZ stock traded up $0.05 on Monday, reaching $7.98. 985,482 shares of the company were exchanged, compared to its average volume of 1,569,225. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The business has a 50-day moving average price of $7.24 and a 200 day moving average price of $7.24. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 59.38, a P/E/G ratio of 1.78 and a beta of 1.06.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They set a "market perform" rating for the company. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th. Citigroup raised their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Barclays upped 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. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $8.00 target price on shares of LegalZoom.com in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.75.

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.