LegalZoom.com, Inc. (NASDAQ:LZ) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,525,142 shares of the company's stock after purchasing an additional 250,409 shares during the period. Renaissance Technologies LLC owned approximately 2.04% of LegalZoom.com worth $26,474,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in LegalZoom.com by 308.5% during the third quarter. Barclays PLC now owns 224,782 shares of the company's stock worth $1,427,000 after acquiring an additional 169,761 shares during the last quarter. Pathway Capital Management LP purchased a new position in shares of LegalZoom.com during the 4th quarter worth approximately $2,387,000. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 14.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock worth $3,605,000 after purchasing an additional 71,291 shares during the last quarter. Oak Harvest Investment Services purchased a new stake in LegalZoom.com in the 4th quarter valued at approximately $751,000. Finally, Citizens Financial Group Inc. RI grew its holdings in LegalZoom.com by 11.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock valued at $4,096,000 after buying an additional 55,336 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Down 1.8 %

Shares of NASDAQ LZ traded down $0.13 during midday trading on Friday, hitting $6.94. The stock had a trading volume of 2,560,143 shares, compared to its average volume of 1,811,389. The company has a fifty day moving average price of $8.81 and a 200 day moving average price of $8.15. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $12.55.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research note on Friday, April 11th. Morgan Stanley decreased their target price on shares of LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating on the stock in a research report on Wednesday. Barclays boosted their price target on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, LegalZoom.com presently has a consensus rating of "Hold" and a consensus target price of $9.06.

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.