Trexquant Investment LP Has $2.95 Million Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Trexquant Investment LP lifted its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 59.5% during the fourth quarter, HoldingsChannel reports. The firm owned 260,819 shares of the company’s stock after buying an additional 97,263 shares during the quarter. Trexquant Investment LP’s holdings in LegalZoom.com were worth $2,947,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of LegalZoom.com during the third quarter valued at about $31,000. Parkside Financial Bank & Trust increased its stake in shares of LegalZoom.com by 116.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company’s stock worth $41,000 after acquiring an additional 2,002 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of LegalZoom.com by 686.8% during the 4th quarter. New York State Teachers Retirement System now owns 10,606 shares of the company’s stock valued at $120,000 after acquiring an additional 9,258 shares during the last quarter. Cornerstone Investment Partners LLC bought a new stake in LegalZoom.com during the 4th quarter worth approximately $157,000. Finally, Raymond James & Associates bought a new stake in LegalZoom.com in the fourth quarter worth $170,000. 81.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Raymond James began coverage on LegalZoom.com in a report on Wednesday, March 27th. They issued a “market perform” rating on the stock. Barclays reduced their price target on LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of LegalZoom.com in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.75.

LegalZoom.com Trading Up 1.2 %

NASDAQ LZ traded up $0.10 on Friday, reaching $8.59. The stock had a trading volume of 1,708,287 shares, compared to its average volume of 2,632,855. LegalZoom.com, Inc. has a 1 year low of $8.37 and a 1 year high of $15.68. The business has a 50 day moving average price of $11.75 and a 200 day moving average price of $11.41. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 78.10, a P/E/G ratio of 2.97 and a beta of 1.24.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. LegalZoom.com had a return on equity of 19.47% and a net margin of 3.15%. On average, analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Francis Murphy sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the transaction, the director now directly owns 40,507 shares in the company, valued at $505,122.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John Francis Murphy sold 10,000 shares of LegalZoom.com stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the transaction, the director now directly owns 40,507 shares in the company, valued at approximately $505,122.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the transaction, the chief operating officer now owns 498,519 shares in the company, valued at approximately $6,565,495.23. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

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.