LegalZoom.com (NASDAQ:LZ) Price Target Raised to $9.00

LegalZoom.com (NASDAQ:LZ) had its price target upped by equities research analysts at Morgan Stanley from $8.50 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 9.77% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Citigroup upped their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Wall Street Zen lowered shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of LegalZoom.com in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Barclays increased their price objective on LegalZoom.com from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.33.

LegalZoom.com Price Performance

Shares of LZ traded down $0.30 on Thursday, hitting $9.98. The company’s stock had a trading volume of 398,568 shares, compared to its average volume of 2,138,685. The company has a market capitalization of $1.77 billion, a PE ratio of 82.88, a PEG ratio of 2.98 and a beta of 1.23. LegalZoom.com has a fifty-two week low of $6.47 and a fifty-two week high of $12.40. The company has a 50 day moving average price of $10.33 and a 200 day moving average price of $9.63.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $190.16 million during the quarter, compared to the consensus estimate of $183.27 million. LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts forecast that LegalZoom.com will post 0.25 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On LegalZoom.com

Several institutional investors have recently modified their holdings of LZ. Brighton Jones LLC bought a new stake in LegalZoom.com during the 4th quarter worth approximately $185,000. Teacher Retirement System of Texas bought a new stake in shares of LegalZoom.com during the first quarter worth $147,000. Cerity Partners LLC raised its holdings in shares of LegalZoom.com by 190.2% during the first quarter. Cerity Partners LLC now owns 46,179 shares of the company’s stock worth $398,000 after acquiring an additional 30,266 shares during the period. Arizona State Retirement System raised its holdings in shares of LegalZoom.com by 6.1% during the first quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock worth $256,000 after acquiring an additional 1,697 shares during the period. Finally, CWM LLC lifted its position in LegalZoom.com by 608.5% in the 1st quarter. CWM LLC now owns 51,795 shares of the company’s stock valued at $446,000 after acquiring an additional 44,484 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

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.