Summit Trail Advisors LLC Has $437,000 Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Summit Trail Advisors LLC lessened its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 48.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,834 shares of the company's stock after selling 64,478 shares during the quarter. Summit Trail Advisors LLC's holdings in LegalZoom.com were worth $437,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in LegalZoom.com by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 16,935,396 shares of the company's stock valued at $225,918,000 after acquiring an additional 1,158,252 shares during the period. American International Group Inc. grew its position in LegalZoom.com by 11.9% in the 1st quarter. American International Group Inc. now owns 65,946 shares of the company's stock valued at $880,000 after buying an additional 7,024 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in LegalZoom.com by 214.4% in 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 period. Price T Rowe Associates Inc. MD raised its position in LegalZoom.com by 163.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,876 shares of the company's stock worth $1,560,000 after buying an additional 72,533 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of LegalZoom.com by 38.3% during the first quarter. Public Employees Retirement System of Ohio now owns 259,873 shares of the company's stock worth $3,467,000 after acquiring an additional 71,975 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LZ shares. JPMorgan Chase & Co. restated an "underweight" rating and issued a $8.00 target price on shares of LegalZoom.com in a report on Friday, November 8th. Barclays upped their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. William Blair initiated coverage on shares of LegalZoom.com in a report on Monday, September 16th. They issued a "market perform" rating on the stock. Jefferies Financial Group upgraded LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research note on Wednesday, July 31st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.75.

LegalZoom.com Trading Up 1.0 %

LZ traded up $0.08 during trading on Wednesday, hitting $8.02. The stock had a trading volume of 622,684 shares, compared to its average volume of 1,574,131. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $13.74. The company has a 50 day simple moving average of $7.14 and a 200-day simple moving average of $7.29. The firm has a market cap of $1.39 billion, a PE ratio of 60.85, a P/E/G ratio of 1.77 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, 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 company had revenue of $168.60 million for 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 business's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.