Lombard Odier Asset Management USA Corp Has $191,000 Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Lombard Odier Asset Management USA Corp increased its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 29.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,795 shares of the company’s stock after acquiring an additional 5,208 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in LegalZoom.com were worth $191,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in LegalZoom.com in the 4th quarter worth about $191,000. Charles Schwab Investment Management Inc. grew its position in LegalZoom.com by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,047,140 shares of the company’s stock valued at $11,833,000 after purchasing an additional 138,702 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in LegalZoom.com in the 4th quarter valued at approximately $295,000. TD Asset Management Inc increased its stake in LegalZoom.com by 46.0% in the 4th quarter. TD Asset Management Inc now owns 97,106 shares of the company’s stock valued at $1,097,000 after buying an additional 30,600 shares during the period. Finally, Madison Asset Management LLC purchased a new stake in LegalZoom.com in the 4th quarter worth approximately $3,582,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $6.62 on Tuesday. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The stock has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $9.01. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.03 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. LegalZoom.com had a return on equity of 22.36% and a net margin of 3.10%. The company had revenue of $177.36 million during the quarter, compared to analysts’ expectations of $172.92 million. During the same quarter last year, the company earned $0.02 EPS. LegalZoom.com’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that LegalZoom.com, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

LZ has been the topic of a number of research reports. Jefferies Financial Group raised shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, July 31st. Citigroup lowered LegalZoom.com from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $8.00 in a research report on Wednesday, July 10th. Bank of America cut LegalZoom.com from a “buy” rating to an “underperform” rating and lowered their price target for the company from $13.00 to $6.00 in a research note on Wednesday, July 10th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.79.

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.