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

LegalZoom.com (NASDAQ:LZ) had its price objective boosted by Barclays from $8.00 to $9.00 in a research note published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on LZ. JPMorgan Chase & Co. lifted their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Citigroup increased their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. UBS Group assumed coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.19.

LegalZoom.com Trading Up 13.2 %

LZ stock opened at $10.02 on Thursday. The stock has a 50-day moving average price of $8.48 and a two-hundred day moving average price of $7.58. LegalZoom.com has a 1 year low of $5.33 and a 1 year high of $13.74. The stock has a market cap of $1.73 billion, a PE ratio of 77.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Quarry LP boosted its holdings in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after buying an additional 3,732 shares during the period. State of Wyoming boosted its holdings 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 worth $63,000 after buying an additional 2,475 shares during the period. Wexford Capital LP acquired a new position in LegalZoom.com in the 3rd quarter valued at about $64,000. Finally, Creative Planning bought a new position in LegalZoom.com in the 3rd quarter valued at about $72,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.