LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Recommendation of “Hold” by Brokerages

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned 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.

Several analysts have weighed in on LZ shares. Barclays boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised LegalZoom.com from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $9.00 in a report on Monday, January 13th. UBS Group started coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company. Citigroup boosted their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Monday, January 13th.

LegalZoom.com Stock Up 0.5 %

LegalZoom.com stock opened at $9.16 on Friday. The stock has a 50-day simple moving average of $8.05 and a 200 day simple moving average of $7.20. LegalZoom.com has a 12-month low of $5.33 and a 12-month high of $13.74. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 70.47, a P/E/G ratio of 1.58 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, sell-side analysts anticipate that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Investors Weigh In On LegalZoom.com

Several large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of LegalZoom.com by 14.2% in the 4th quarter. Rhumbline Advisers now owns 215,199 shares of the company’s stock valued at $1,616,000 after buying an additional 26,720 shares during the last quarter. Summit Trail Advisors LLC increased its position in LegalZoom.com by 6.8% during the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after buying an additional 4,697 shares during the period. Savant Capital LLC bought a new position in LegalZoom.com during the 4th quarter worth $163,000. Oak Harvest Investment Services acquired a new stake in shares of LegalZoom.com during the 4th quarter worth $751,000. Finally, Brighton Jones LLC acquired a new stake in shares of LegalZoom.com during the 4th quarter worth $185,000. Institutional investors and hedge funds 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.