Quarry LP Acquires 3,732 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Quarry LP boosted its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 83.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,206 shares of the company’s stock after buying an additional 3,732 shares during the period. Quarry LP’s holdings in LegalZoom.com were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. nVerses Capital LLC raised its stake in shares of LegalZoom.com by 16.2% during the 3rd quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock valued at $100,000 after purchasing an additional 2,200 shares during the period. Nisa Investment Advisors LLC grew its holdings in LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after buying an additional 3,919 shares in the last quarter. Lombard Odier Asset Management USA Corp increased its position in shares of LegalZoom.com by 29.6% during the second quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company’s stock valued at $191,000 after buying an additional 5,208 shares during the period. Quest Partners LLC lifted its holdings in shares of LegalZoom.com by 43.8% in the second quarter. Quest Partners LLC now owns 21,943 shares of the company’s stock worth $184,000 after buying an additional 6,682 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of LegalZoom.com by 40.3% in the third quarter. Handelsbanken Fonder AB now owns 25,400 shares of the company’s stock valued at $161,000 after acquiring an additional 7,300 shares during the period. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Price Performance

Shares of LZ opened at $8.11 on Wednesday. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The stock has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $7.20. The firm has a market cap of $1.40 billion, a P/E ratio of 62.38, a P/E/G ratio of 1.84 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair started coverage on shares of LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $8.00 price objective on shares of LegalZoom.com in a research note on Friday, November 8th. Barclays lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Citigroup upped their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, LegalZoom.com has an average rating of “Hold” and a consensus price target of $8.79.

About LegalZoom.com

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.