LegalZoom.com, Inc. (NASDAQ:LZ) Receives $8.81 Average Target Price from Analysts

LegalZoom.com, Inc. (NASDAQ:LZGet Free Report) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.81.

LZ has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Citigroup raised their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Barclays raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised shares of LegalZoom.com from an “underweight” rating to an “overweight” rating and raised their target price for the company from $8.00 to $9.00 in a research note on Monday, January 13th. Finally, UBS Group began coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company.

View Our Latest Analysis on LegalZoom.com

Institutional Investors Weigh In On LegalZoom.com

Institutional investors have recently modified their holdings of the stock. Quarry LP lifted its stake in LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after purchasing an additional 3,406 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after acquiring an additional 3,919 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of LegalZoom.com during the 2nd quarter worth approximately $71,000. Wexford Capital LP bought a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $64,000. Finally, Creative Planning bought a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $72,000. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $8.43 on Friday. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $13.74. The stock has a fifty day moving average of $7.94 and a 200 day moving average of $7.13. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 64.85, a P/E/G ratio of 1.58 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm had revenue of $168.60 million during the quarter, compared to analyst estimates of $167.66 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. Equities analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

LegalZoom.com Company Profile

(Get 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.

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Analyst Recommendations for LegalZoom.com (NASDAQ:LZ)

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