LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $8.64.
A number of brokerages recently commented on LZ. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their target price on LegalZoom.com from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Barclays lifted their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of LegalZoom.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 30th. Finally, William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th.
Read Our Latest Stock Analysis on LZ
LegalZoom.com Stock Performance
LegalZoom.com (NASDAQ:LZ – Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The firm had revenue of $183.11 million for the quarter, compared to analysts’ expectations of $176.17 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that LegalZoom.com will post 0.25 EPS for the current fiscal year.
Institutional Investors Weigh In On LegalZoom.com
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LZ. Quantbot Technologies LP purchased a new stake in shares of LegalZoom.com during the first quarter worth $29,000. State of Wyoming raised its stake 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 valued at $63,000 after purchasing an additional 2,475 shares during the period. Aigen Investment Management LP purchased a new stake in LegalZoom.com during the 4th quarter worth about $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com during the 4th quarter worth about $78,000. Finally, Quantessence Capital LLC bought a new position in LegalZoom.com in the 4th quarter worth about $78,000. 81.99% of the stock is currently owned by institutional investors.
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.
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