Oak Harvest Investment Services Has $1.11 Million Position in LegalZoom.com, Inc. $LZ

Oak Harvest Investment Services grew its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 25.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Oak Harvest Investment Services owned about 0.07% of LegalZoom.com worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in LegalZoom.com by 87.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,388,664 shares of the company’s stock valued at $12,358,000 after acquiring an additional 648,601 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of LegalZoom.com in the second quarter valued at approximately $247,000. Los Angeles Capital Management LLC bought a new stake in shares of LegalZoom.com in the second quarter worth $1,105,000. Fox Run Management L.L.C. acquired a new position in LegalZoom.com during the second quarter worth $207,000. Finally, Savant Capital LLC grew its position in LegalZoom.com by 21.3% in the second quarter. Savant Capital LLC now owns 58,932 shares of the company’s stock valued at $525,000 after purchasing an additional 10,343 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insiders Place Their Bets

In other LegalZoom.com news, insider Nicole Miller sold 25,154 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total value of $272,166.28. Following the completion of the sale, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Noel Bertram Watson sold 27,319 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33. Following the transaction, the chief financial officer owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,609 shares of company stock valued at $936,778 in the last three months. Insiders own 5.90% of the company’s stock.

LegalZoom.com Stock Performance

NASDAQ LZ opened at $9.97 on Friday. The stock has a market cap of $1.77 billion, a PE ratio of 83.09, a P/E/G ratio of 3.60 and a beta of 1.23. LegalZoom.com, Inc. has a 52-week low of $6.47 and a 52-week high of $12.40. The firm has a 50-day moving average of $10.31 and a 200-day moving average of $9.63.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $190.16 million during the quarter, compared to analyst estimates of $183.27 million. LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. LegalZoom.com’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LegalZoom.com in a research report on Wednesday, October 8th. Citigroup upped their price objective on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Bank of America raised shares of LegalZoom.com from an “underperform” rating to a “buy” rating and raised their target price for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Finally, Morgan Stanley upped their price target on shares of LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.33.

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.