Barclays Issues Positive Forecast for LegalZoom.com (NASDAQ:LZ) Stock Price

LegalZoom.com (NASDAQ:LZ) had its price objective upped by Barclays from $7.00 to $8.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $8.00 price target on shares of LegalZoom.com in a research report on Friday. William Blair began coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating for the company. Jefferies Financial Group raised shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.79.

LegalZoom.com Stock Down 1.2 %

LZ opened at $8.39 on Monday. The stock has a market cap of $1.45 billion, a PE ratio of 64.54, a P/E/G ratio of 2.61 and a beta of 1.06. LegalZoom.com has a 52 week low of $5.33 and a 52 week high of $13.74. The business’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $7.55.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business had revenue of $168.60 million for the quarter, compared to analysts’ expectations of $167.66 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. As a group, equities analysts anticipate that LegalZoom.com will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On LegalZoom.com

Large investors have recently bought and sold shares of the business. Blair William & Co. IL increased its position in LegalZoom.com by 5.4% in the first quarter. Blair William & Co. IL now owns 3,836,392 shares of the company’s stock worth $51,177,000 after purchasing an additional 195,512 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in LegalZoom.com by 148.3% during the first quarter. Susquehanna Fundamental Investments LLC now owns 70,797 shares of the company’s stock worth $944,000 after buying an additional 42,288 shares during the period. Coastal Bridge Advisors LLC boosted its stake in LegalZoom.com by 10.2% during the second quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company’s stock worth $16,751,000 after buying an additional 184,696 shares during the period. Swiss National Bank boosted its stake in LegalZoom.com by 15.7% during the first quarter. Swiss National Bank now owns 241,200 shares of the company’s stock worth $3,218,000 after buying an additional 32,700 shares during the period. Finally, Mainstream Capital Management LLC purchased a new position in LegalZoom.com during the third quarter worth $1,429,000. Institutional investors own 81.99% of the company’s stock.

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.