LegalZoom.com, Inc. (NASDAQ:LZ) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 97.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 129,775 shares of the company's stock after purchasing an additional 63,980 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of LegalZoom.com worth $824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LZ. Quarry LP boosted its stake in shares of LegalZoom.com by 318.9% during the 2nd quarter. Quarry LP now owns 4,474 shares of the company's stock worth $38,000 after acquiring an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after acquiring an additional 3,919 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of LegalZoom.com during the 2nd quarter worth about $71,000. Creative Planning purchased a new stake in shares of LegalZoom.com during the 3rd quarter worth about $72,000. Finally, nVerses Capital LLC boosted its stake in shares of LegalZoom.com by 16.2% during the 3rd quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock worth $100,000 after acquiring an additional 2,200 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LZ shares. Barclays raised 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 note on Monday, November 11th. Citigroup raised their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday. Jefferies Financial Group raised shares of LegalZoom.com from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a research note on Wednesday, July 31st. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, William Blair started coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a "market perform" rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $8.75.

LegalZoom.com Price Performance

LZ opened at $7.94 on Thursday. The company's 50 day simple moving average is $7.16 and its two-hundred day simple moving average is $7.27. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $13.74. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 61.08, a price-to-earnings-growth ratio of 1.77 and a beta of 1.06.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The business had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. During the same period last year, the company posted $0.05 EPS. The business's revenue was up .8% on a year-over-year basis. On average, equities 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.