Caxton Associates LLP Has $988,000 Stock Position in LegalZoom.com, Inc. $LZ

Caxton Associates LLP boosted its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 147.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,895 shares of the company’s stock after buying an additional 65,994 shares during the quarter. Caxton Associates LLP’s holdings in LegalZoom.com were worth $988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in LegalZoom.com in the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC grew its stake in LegalZoom.com by 976.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock valued at $41,000 after buying an additional 4,140 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in LegalZoom.com in the 2nd quarter valued at about $78,000. Focus Partners Advisor Solutions LLC bought a new position in LegalZoom.com in the 2nd quarter valued at about $96,000. Finally, XTX Topco Ltd acquired a new stake in LegalZoom.com during the second quarter worth approximately $99,000. 81.99% of the stock is currently owned by institutional investors.

LegalZoom.com Trading Down 0.1%

LegalZoom.com stock opened at $10.06 on Tuesday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 83.84, a PEG ratio of 3.74 and a beta of 1.23. The stock has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $9.77. LegalZoom.com, Inc. has a 12 month low of $6.47 and a 12 month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The company had revenue of $190.16 million during the quarter, compared to the consensus estimate of $183.27 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LZ shares. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Morgan Stanley increased their price objective on LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Weiss Ratings restated a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday, December 8th. Finally, William Blair raised shares of LegalZoom.com from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and an average target price of $11.50.

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $9.56, for a total value of $143,400.00. Following the completion of the sale, the chief financial officer owned 1,551,582 shares in the company, valued at $14,833,123.92. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nicole Miller sold 23,506 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.63, for a total transaction of $226,362.78. Following the transaction, the insider directly owned 868,627 shares in the company, valued at $8,364,878.01. This represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. 5.90% of the stock is currently owned by insiders.

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.