Quantbot Technologies LP acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 79,992 shares of the company's stock, valued at approximately $508,000.
Several other large investors also recently added to or reduced their stakes in the business. Quarry LP increased 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 during the period. Nisa Investment Advisors LLC increased its holdings in shares of LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after buying an additional 3,919 shares during the period. Point72 DIFC Ltd purchased a new position in shares of LegalZoom.com in the second quarter worth about $71,000. Creative Planning purchased a new position in shares of LegalZoom.com in the third quarter worth about $72,000. Finally, nVerses Capital LLC increased its holdings in shares of LegalZoom.com by 16.2% in the third quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock worth $100,000 after buying an additional 2,200 shares during the period. Institutional investors own 81.99% of the company's stock.
LegalZoom.com Price Performance
Shares of LZ stock traded up $0.24 during trading hours on Wednesday, hitting $8.20. The stock had a trading volume of 904,948 shares, compared to its average volume of 1,563,431. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74. The stock's 50-day moving average price is $7.29 and its two-hundred day moving average price is $7.22. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 62.77, a PEG ratio of 1.79 and a beta of 1.10.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $168.60 million during the quarter, compared to analyst estimates of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. As a group, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have commented on LZ. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Friday, September 13th. Barclays increased their target price 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 increased their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $8.00 target price on shares of LegalZoom.com in a research report on Friday, November 8th. Finally, William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.75.
View Our Latest Analysis on LZ
About LegalZoom.com
(
Free Report)
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.
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