PharVision Advisers LLC Acquires Shares of 75,539 LegalZoom.com, Inc. (NASDAQ:LZ)

PharVision Advisers LLC bought a new position in LegalZoom.com, Inc. (NASDAQ:LZ) during the fourth quarter, HoldingsChannel.com reports. The fund bought 75,539 shares of the company’s stock, valued at approximately $567,000. LegalZoom.com comprises about 0.5% of PharVision Advisers LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mariner LLC raised its stake in shares of LegalZoom.com by 5.6% in the fourth quarter. Mariner LLC now owns 44,638 shares of the company’s stock worth $335,000 after purchasing an additional 2,348 shares during the last quarter. State of Wyoming raised its position in LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after buying an additional 2,475 shares during the last quarter. Summit Trail Advisors LLC raised its position in LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after buying an additional 4,697 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in LegalZoom.com by 8.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company’s stock valued at $490,000 after acquiring an additional 5,045 shares during the period. Finally, Walleye Trading LLC boosted its holdings in shares of LegalZoom.com by 33.2% during the 4th quarter. Walleye Trading LLC now owns 21,090 shares of the company’s stock valued at $158,000 after acquiring an additional 5,252 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Stock Up 2.6%

LegalZoom.com stock opened at $9.71 on Wednesday. The firm’s fifty day moving average is $8.18 and its 200 day moving average is $8.35. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $10.60. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 74.70, a PEG ratio of 1.73 and a beta of 1.14.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. On average, equities research analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LZ has been the subject of several research reports. Morgan Stanley boosted 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 Friday, May 9th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Barclays boosted their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LegalZoom.com has an average rating of “Hold” and an average target price of $8.64.

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.