SG Americas Securities LLC Purchases 27,867 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

SG Americas Securities LLC increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 44.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,104 shares of the company's stock after purchasing an additional 27,867 shares during the period. SG Americas Securities LLC owned approximately 0.05% of LegalZoom.com worth $677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its position in shares of 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 buying an additional 169,761 shares during the period. Mainstream Capital Management LLC bought a new stake in LegalZoom.com in the 3rd quarter valued at approximately $1,429,000. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 71,291 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 acquiring an additional 63,980 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of LegalZoom.com in the third quarter valued at approximately $3,112,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Stock Down 1.9 %

Shares of LZ traded down $0.17 during mid-day trading on Friday, hitting $8.99. 2,123,169 shares of the company's stock were exchanged, compared to its average volume of 1,372,061. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 69.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. The stock's 50-day simple moving average is $8.08 and its 200-day simple moving average is $7.23. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup raised their target price 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. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research report on Friday. UBS Group initiated coverage on LegalZoom.com in a research note on Friday, December 6th. They set a "neutral" rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. raised shares of LegalZoom.com from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $8.00 to $9.00 in a research report on Monday, January 13th. Finally, Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, LegalZoom.com presently has a consensus rating of "Hold" and an average price target of $8.81.

About LegalZoom.com

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.