GAMMA Investing LLC Purchases 9,297 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

GAMMA Investing LLC grew its position in LegalZoom.com, Inc. (NASDAQ:LZFree Report) by 2,750.6% during the first quarter, HoldingsChannel reports. The firm owned 9,635 shares of the company’s stock after buying an additional 9,297 shares during the period. GAMMA Investing LLC’s holdings in LegalZoom.com were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State of Wyoming grew its position in shares of LegalZoom.com by 42.1% during the 4th quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after buying an additional 2,475 shares during the period. Aigen Investment Management LP acquired a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $76,000. Olympiad Research LP acquired a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $78,000. Quantessence Capital LLC acquired a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $78,000. Finally, Sei Investments Co. acquired a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $83,000. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Stock Up 1.7%

NASDAQ LZ opened at $8.80 on Wednesday. The stock’s 50-day simple moving average is $8.49 and its two-hundred day simple moving average is $8.54. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $10.60. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.69 and a beta of 1.25.

LegalZoom.com (NASDAQ:LZGet Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $183.11 million during the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on LZ. Morgan Stanley raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays boosted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Wall Street Zen upgraded LegalZoom.com from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, LegalZoom.com presently has a consensus rating of “Hold” and an average price target of $8.64.

View Our Latest Analysis on LegalZoom.com

About LegalZoom.com

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for LegalZoom.com (NASDAQ:LZ)

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