Intech Investment Management LLC Purchases Shares of 35,906 LegalZoom.com, Inc. (NASDAQ:LZ)

Intech Investment Management LLC purchased a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,906 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LZ. Quarry LP boosted its holdings in shares of LegalZoom.com by 318.9% in the 2nd 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 period. Nisa Investment Advisors LLC grew its position 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 buying an additional 3,919 shares in the last quarter. Point72 DIFC Ltd purchased a new position in LegalZoom.com during the 2nd quarter valued at about $71,000. Creative Planning purchased a new position in LegalZoom.com during the third quarter valued at approximately $72,000. Finally, nVerses Capital LLC bought a new position in shares of LegalZoom.com in the 2nd quarter worth $114,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Down 1.8 %

NASDAQ LZ opened at $8.05 on Friday. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74. The firm has a 50-day moving average price of $7.32 and a 200 day moving average price of $7.23. The stock has a market capitalization of $1.39 billion, a P/E ratio of 61.93, a P/E/G ratio of 1.78 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. During the same quarter last year, the business earned $0.05 earnings per share. LegalZoom.com’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on LZ shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $8.00 target price on shares of LegalZoom.com in a research note on Friday, November 8th. Citigroup raised their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, William Blair started coverage on shares of LegalZoom.com in a research report on Monday, September 16th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.75.

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.