Trustees of Princeton University Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Trustees of Princeton University bought a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 23,560 shares of the company’s stock, valued at approximately $266,000. LegalZoom.com comprises 3.4% of Trustees of Princeton University’s holdings, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in LegalZoom.com by 7.9% during the 3rd quarter. Brighton Jones LLC now owns 24,382 shares of the company’s stock worth $267,000 after buying an additional 1,788 shares during the last quarter. Swiss National Bank lifted its position in LegalZoom.com by 1.1% during the 3rd quarter. Swiss National Bank now owns 168,100 shares of the company’s stock worth $1,839,000 after acquiring an additional 1,900 shares during the period. Parkside Financial Bank & Trust lifted its position in LegalZoom.com by 116.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company’s stock worth $41,000 after acquiring an additional 2,002 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in LegalZoom.com during the 3rd quarter worth about $31,000. Finally, Summit Trail Advisors LLC lifted its position in LegalZoom.com by 3.4% during the 3rd quarter. Summit Trail Advisors LLC now owns 137,583 shares of the company’s stock worth $1,505,000 after acquiring an additional 4,492 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LZ has been the subject of a number of research reports. Raymond James initiated coverage on LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Barclays decreased their price objective on LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $14.00 price objective on shares of LegalZoom.com in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.36.

LegalZoom.com Trading Up 0.5 %

LegalZoom.com stock traded up $0.06 during mid-day trading on Tuesday, hitting $12.17. The company’s stock had a trading volume of 1,167,780 shares, compared to its average volume of 1,206,640. The firm has a market capitalization of $2.29 billion, a PE ratio of 152.14, a price-to-earnings-growth ratio of 4.11 and a beta of 1.23. LegalZoom.com, Inc. has a 1 year low of $6.89 and a 1 year high of $15.68. The stock’s fifty day moving average is $12.46 and its two-hundred day moving average is $11.40.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $158.66 million during the quarter, compared to analyst estimates of $156.25 million. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. On average, equities analysts expect that LegalZoom.com, Inc. will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Richard Preece sold 9,462 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total value of $124,614.54. Following the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Richard Preece sold 9,462 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total value of $124,614.54. Following the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Francis Murphy sold 10,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the director now owns 40,507 shares in the company, valued at $505,122.29. The disclosure for this sale can be found here. Insiders have sold 60,555 shares of company stock worth $664,688 over the last ninety days. Corporate insiders own 44.60% of the company’s stock.

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.