LegalZoom.com (NASDAQ:LZ – Get Free Report) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $11.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 35.46% from the company’s previous close.
LZ has been the topic of several other reports. Weiss Ratings cut shares of LegalZoom.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. UBS Group dropped their target price on LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Barclays reiterated an “underweight” rating and issued a $6.00 price target (down from $9.00) on shares of LegalZoom.com in a report on Wednesday, March 4th. Finally, Citigroup decreased their price objective on LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LegalZoom.com currently has a consensus rating of “Hold” and a consensus target price of $8.25.
View Our Latest Analysis on LegalZoom.com
LegalZoom.com Price Performance
LegalZoom.com (NASDAQ:LZ – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). LegalZoom.com had a return on equity of 11.53% and a net margin of 1.46%.The firm had revenue of $206.78 million during the quarter, compared to analysts’ expectations of $202.14 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that LegalZoom.com will post 0.32 earnings per share for the current year.
Insider Activity at LegalZoom.com
In other news, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $6.45, for a total value of $96,750.00. Following the sale, the chief financial officer owned 2,041,847 shares in the company, valued at $13,169,913.15. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeffrey M. Stibel acquired 125,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $6.15 per share, for a total transaction of $768,750.00. Following the purchase, the chief executive officer directly owned 2,955,609 shares in the company, valued at approximately $18,176,995.35. This trade represents a 4.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On LegalZoom.com
Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in LegalZoom.com by 20.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,408,170 shares of the company’s stock valued at $45,757,000 after purchasing an additional 758,367 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of LegalZoom.com by 165.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,730,487 shares of the company’s stock worth $37,044,000 after buying an additional 2,324,481 shares in the last quarter. Boston Partners raised its position in shares of LegalZoom.com by 81.0% in the fourth quarter. Boston Partners now owns 3,623,111 shares of the company’s stock valued at $36,054,000 after buying an additional 1,621,125 shares during the last quarter. Franklin Resources Inc. raised its position in shares of LegalZoom.com by 2.8% in the third quarter. Franklin Resources Inc. now owns 3,327,296 shares of the company’s stock valued at $34,537,000 after buying an additional 90,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of LegalZoom.com by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,112,895 shares of the company’s stock worth $17,650,000 after buying an additional 91,131 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.
About LegalZoom.com
LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.
Founded in 2001 by entrepreneurs Brian Lee, Brian P.
Featured Articles
- Five stocks we like better than LegalZoom.com
- Dividend Increases: From Over 10% Yields to Over 10% Dividend Growth
- From Quantum to Clothing: Insider Trades Hit 3 Big Names
- ASML’s Chip Dominance Runs Into New Silicon Boundaries
- Why These South Korea-Focused ETFs Have More Than Doubled in 2026
Receive News & Ratings for LegalZoom.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegalZoom.com and related companies with MarketBeat.com's FREE daily email newsletter.
