Noel Bertram Watson Sells 18,136 Shares of LegalZoom.com (NASDAQ:LZ) Stock

LegalZoom.com, Inc. (NASDAQ:LZ) CFO Noel Bertram Watson sold 18,136 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $11.03, for a total transaction of $200,040.08. Following the transaction, the chief financial officer directly owned 1,703,745 shares of the company’s stock, valued at $18,792,307.35. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Noel Bertram Watson also recently made the following trade(s):

• On Monday, August 25th, Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock. The shares were sold at an average price of $11.07, for a total transaction of $302,421.33.
• On Monday, August 18th, Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock. The shares were sold at an average price of $10.81, for a total transaction of $162,150.00.

LegalZoom.com Stock Performance

Shares of LZ traded up $0.05 during trading hours on Tuesday, reaching $11.05. 2,316,844 shares of the company traded hands, compared to its average volume of 2,109,617. The stock’s fifty day moving average is $9.31 and its 200 day moving average is $8.91. The stock has a market cap of $1.99 billion, a P/E ratio of 69.07, a price-to-earnings-growth ratio of 2.51 and a beta of 1.23. LegalZoom.com, Inc. has a 1-year low of $6.16 and a 1-year high of $11.93.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $192.51 million during the quarter, compared to analyst estimates of $182.49 million. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Institutional Investors Weigh In On LegalZoom.com

Several institutional investors have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC lifted its position in LegalZoom.com by 2.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock valued at $368,000 after acquiring an additional 1,139 shares in the last quarter. Arizona State Retirement System increased its stake in LegalZoom.com by 6.1% in the 1st quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock valued at $256,000 after buying an additional 1,697 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LegalZoom.com by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock valued at $646,000 after buying an additional 2,161 shares during the last quarter. Mariner LLC increased its stake in LegalZoom.com by 5.6% in the 4th quarter. Mariner LLC now owns 44,638 shares of the company’s stock valued at $335,000 after buying an additional 2,348 shares during the last quarter. Finally, State of Wyoming increased its stake in LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after buying an additional 2,475 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of LegalZoom.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 30th. Morgan Stanley upped their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their price target on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Barclays raised their price objective on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Bank of America raised shares of LegalZoom.com from an “underperform” rating to a “buy” rating and raised their price objective for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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.