LegalZoom.com, Inc. (NASDAQ:LZ) Shares Purchased by RBF Capital LLC

RBF Capital LLC grew its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 650.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,000 shares of the company's stock after acquiring an additional 130,000 shares during the quarter. RBF Capital LLC owned 0.09% of LegalZoom.com worth $952,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LZ. Coastal Bridge Advisors LLC boosted its holdings in shares of LegalZoom.com by 10.2% in 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 last quarter. Mainstream Capital Management LLC purchased a new position in LegalZoom.com in the 3rd quarter valued at about $1,429,000. Renaissance Technologies LLC boosted its holdings in LegalZoom.com by 26.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company's stock worth $20,698,000 after buying an additional 521,200 shares during the last quarter. Victory Capital Management Inc. increased its stake in LegalZoom.com by 97.2% during the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company's stock worth $824,000 after buying an additional 63,980 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of LegalZoom.com by 163.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 116,876 shares of the company's stock valued at $1,560,000 after acquiring an additional 72,533 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Trading Down 2.0 %

Shares of LegalZoom.com stock traded down $0.16 on Thursday, hitting $8.04. The stock had a trading volume of 199,079 shares, compared to its average volume of 1,557,597. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 62.00, a P/E/G ratio of 1.78 and a beta of 1.10. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74. The company's 50 day moving average price is $7.32 and its 200 day moving average price is $7.23.

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. 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 business earned $0.05 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. Analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LZ has been the subject of a number of recent research reports. William Blair began coverage on LegalZoom.com in a research note on Monday, September 16th. They issued a "market perform" rating for the company. Barclays lifted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Citigroup increased their price objective 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. restated an "underweight" rating and issued a $8.00 target price on shares of LegalZoom.com in a research report on Friday, November 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.