Rice Hall James & Associates LLC Makes New Investment in LegalZoom.com, Inc. $LZ

Rice Hall James & Associates LLC bought a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 327,217 shares of the company’s stock, valued at approximately $3,397,000. Rice Hall James & Associates LLC owned approximately 0.18% of LegalZoom.com as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new position in LegalZoom.com during the first quarter worth about $29,000. Exchange Traded Concepts LLC acquired a new position in shares of LegalZoom.com during the 3rd quarter worth approximately $34,000. Osaic Holdings Inc. grew its position in shares of LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after purchasing an additional 3,766 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of LegalZoom.com by 976.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $41,000 after purchasing an additional 4,140 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of LegalZoom.com in the second quarter valued at approximately $78,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total value of $143,400.00. Following the sale, the chief financial officer owned 1,551,582 shares in the company, valued at $14,833,123.92. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Miller sold 23,506 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total transaction of $226,362.78. Following the transaction, the insider owned 868,627 shares of the company’s stock, valued at $8,364,878.01. This trade represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.90% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ opened at $10.08 on Friday. LegalZoom.com, Inc. has a 52-week low of $6.47 and a 52-week high of $12.40. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 84.01, a PEG ratio of 3.74 and a beta of 1.23. The business’s fifty day moving average is $9.87 and its 200-day moving average is $9.82.

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

Analysts Set New Price Targets

LZ has been the topic of a number of analyst reports. Morgan Stanley increased their price target on LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, November 13th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Barclays increased their target price on LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. William Blair upgraded LegalZoom.com from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Finally, Citigroup cut their price objective on shares of LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, LegalZoom.com presently has an average rating of “Hold” and a consensus price target of $11.50.

LegalZoom.com Company Profile

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.