LegalZoom.com (NASDAQ:LZ) Given New $9.00 Price Target at Barclays

LegalZoom.com (NASDAQ:LZ) had its price target lifted by Barclays from $8.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on LZ. JPMorgan Chase & Co. boosted their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Morgan Stanley raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Citigroup boosted their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.19.

LegalZoom.com Stock Up 13.2 %

Shares of LegalZoom.com stock opened at $10.02 on Thursday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 77.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74. The company has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $7.58.

Hedge Funds Weigh In On LegalZoom.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in LZ. Nisa Investment Advisors LLC increased its holdings in shares of LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after buying an additional 3,919 shares in the last quarter. Quarry LP increased its holdings in LegalZoom.com by 83.4% in the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after purchasing an additional 3,732 shares in the last quarter. State of Wyoming increased its stake in shares of LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after buying an additional 2,475 shares during the period. Wexford Capital LP bought a new position in LegalZoom.com in the 3rd quarter valued at approximately $64,000. Finally, Aigen Investment Management LP acquired a new stake in LegalZoom.com during the 4th quarter worth approximately $76,000. 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.