LegalZoom.com (NASDAQ:LZ) Receives New Coverage from Analysts at Raymond James

Raymond James assumed coverage on shares of LegalZoom.com (NASDAQ:LZ) in a research note published on Wednesday morning, MarketBeat.com reports. The firm issued a market perform rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $14.00 to $16.00 and gave the stock an overweight rating in a report on Friday, March 22nd. JMP Securities restated a market outperform rating and set a $14.00 price objective on shares of LegalZoom.com in a report on Wednesday, March 13th. Finally, Barclays reduced their price objective on LegalZoom.com from $17.00 to $15.00 and set an overweight rating on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $14.36.

LegalZoom.com Price Performance

Shares of LZ stock opened at $13.27 on Wednesday. The stock’s 50 day simple moving average is $11.64 and its two-hundred day simple moving average is $11.09. LegalZoom.com has a 1 year low of $6.89 and a 1 year high of $15.68. The company has a market cap of $2.49 billion, a PE ratio of 165.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. Equities research analysts expect that LegalZoom.com will post 0.25 EPS for the current year.

Insider Transactions at LegalZoom.com

In other news, EVP Nicole Miller sold 24,557 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total value of $239,430.75. Following the completion of the sale, the executive vice president now owns 208,641 shares of the company’s stock, valued at approximately $2,034,249.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Nicole Miller sold 24,557 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total value of $239,430.75. Following the completion of the sale, the executive vice president now owns 208,641 shares of the company’s stock, valued at approximately $2,034,249.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Francis Murphy sold 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now owns 40,507 shares in the company, valued at approximately $505,122.29. The disclosure for this sale can be found here. Insiders sold 60,555 shares of company stock valued at $664,688 in the last quarter. 44.60% of the stock is currently owned by corporate insiders.

Institutional Trading of LegalZoom.com

Large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new position in shares of LegalZoom.com in the 4th quarter valued at about $120,000. Vanguard Group Inc. lifted its holdings in shares of LegalZoom.com by 21.4% in the 4th quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock valued at $178,282,000 after buying an additional 2,777,206 shares during the period. Wellington Management Group LLP lifted its holdings in shares of LegalZoom.com by 64.7% in the 4th quarter. Wellington Management Group LLP now owns 1,974,236 shares of the company’s stock valued at $22,309,000 after buying an additional 775,775 shares during the period. American International Group Inc. lifted its holdings in shares of LegalZoom.com by 13.3% in the 4th quarter. American International Group Inc. now owns 58,922 shares of the company’s stock valued at $666,000 after buying an additional 6,931 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of LegalZoom.com by 17.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 187,898 shares of the company’s stock valued at $2,123,000 after buying an additional 27,661 shares during the period. Hedge funds and other 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.