LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Recommendation of “Hold” by Analysts

LegalZoom.com, Inc. (NASDAQ:LZ) has received an average recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.81.

Several research firms recently weighed in on LZ. UBS Group began coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective on the stock. Citigroup lifted their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. 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 note on Monday, November 11th. JPMorgan Chase & Co. raised LegalZoom.com from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $8.00 to $9.00 in a research note on Monday, January 13th. Finally, Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th.

LegalZoom.com Stock Up 0.5 %

NASDAQ:LZ opened at $9.16 on Friday. The stock’s 50-day simple moving average is $8.05 and its 200 day simple moving average is $7.20. The firm has a market capitalization of $1.58 billion, a PE ratio of 70.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74.

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

Institutional Investors Weigh In On LegalZoom.com

Hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI bought a new stake in shares of LegalZoom.com during the third quarter valued at approximately $3,112,000. Tabor Asset Management LP increased its holdings in shares of LegalZoom.com by 44.9% during the third quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock valued at $9,669,000 after acquiring an additional 472,002 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LegalZoom.com by 25.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company’s stock valued at $10,806,000 after acquiring an additional 262,335 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of LegalZoom.com during the third quarter valued at approximately $1,429,000. Finally, Marshall Wace LLP bought a new stake in shares of LegalZoom.com during the second quarter valued at approximately $1,784,000. 81.99% of the stock is currently owned by institutional investors.

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.