LegalZoom.com (NASDAQ:LZ) Coverage Initiated by Analysts at Raymond James

Equities research analysts at Raymond James initiated coverage on shares of LegalZoom.com (NASDAQ:LZ) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “market perform” rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Barclays dropped their price target on LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on LegalZoom.com from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price objective on shares of LegalZoom.com in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.36.

LegalZoom.com Stock Up 0.5 %

Shares of LegalZoom.com stock opened at $13.34 on Wednesday. LegalZoom.com has a 12-month low of $6.89 and a 12-month high of $15.68. The stock has a market cap of $2.51 billion, a P/E ratio of 166.75, a P/E/G ratio of 1.40 and a beta of 1.21. The business’s 50 day moving average is $11.70 and its 200-day moving average is $11.10.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. The business had revenue of $158.66 million for the quarter, compared to analysts’ expectations of $156.25 million. On average, sell-side analysts expect that LegalZoom.com will post 0.25 EPS for the current year.

Insider Transactions at LegalZoom.com

In other news, COO Richard Preece sold 9,462 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the sale, the chief operating officer now directly owns 498,519 shares of the company’s stock, valued at approximately $6,565,495.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director John Francis Murphy sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now directly owns 40,507 shares of the company’s stock, valued at $505,122.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Richard Preece sold 9,462 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $13.17, for a total value of $124,614.54. Following the completion of the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,555 shares of company stock valued at $664,688. 44.60% of the stock is owned by corporate insiders.

Institutional Trading of LegalZoom.com

Several large investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in LegalZoom.com in the fourth quarter valued at about $120,000. Vanguard Group Inc. raised its position in LegalZoom.com by 21.4% in the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock valued at $178,282,000 after purchasing an additional 2,777,206 shares during the last quarter. Wellington Management Group LLP raised its position in LegalZoom.com by 64.7% in the fourth quarter. Wellington Management Group LLP now owns 1,974,236 shares of the company’s stock valued at $22,309,000 after purchasing an additional 775,775 shares during the last quarter. American International Group Inc. raised its position in LegalZoom.com by 13.3% in the fourth quarter. American International Group Inc. now owns 58,922 shares of the company’s stock valued at $666,000 after purchasing an additional 6,931 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in LegalZoom.com by 17.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 187,898 shares of the company’s stock valued at $2,123,000 after purchasing an additional 27,661 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

About LegalZoom.com

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.