Trexquant Investment LP Increases Stake in LegalZoom.com, Inc. (NASDAQ:LZ)

Trexquant Investment LP increased its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,580 shares of the company's stock after buying an additional 63,502 shares during the quarter. Trexquant Investment LP owned 0.16% of LegalZoom.com worth $2,085,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Quarry LP lifted its position in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company's stock valued at $52,000 after buying an additional 3,732 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com during the 4th quarter valued at $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com during the 4th quarter valued at $78,000. Sei Investments Co. bought a new stake in LegalZoom.com during the fourth quarter valued at about $83,000. Finally, Cibc World Markets Corp purchased a new position in shares of LegalZoom.com in the fourth quarter valued at about $90,000. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Price Performance

LegalZoom.com stock remained flat at $7.13 during midday trading on Monday. The company's stock had a trading volume of 272,610 shares, compared to its average volume of 2,113,181. The firm has a market capitalization of $1.26 billion, a PE ratio of 54.85, a P/E/G ratio of 1.73 and a beta of 1.13. The stock's 50-day simple moving average is $8.98 and its 200-day simple moving average is $8.16. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.76.

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Wall Street Analyst Weigh In

Several research analysts have commented on LZ shares. Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Barclays lifted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, LegalZoom.com currently has a consensus rating of "Hold" and a consensus price target of $9.19.

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.