LegalZoom.com, Inc. (NASDAQ:LZ) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 308.5% in the third quarter, HoldingsChannel reports. The firm owned 224,782 shares of the company’s stock after acquiring an additional 169,761 shares during the quarter. Barclays PLC’s holdings in LegalZoom.com were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in LegalZoom.com in the second quarter valued at $114,000. Rhumbline Advisers lifted its holdings in shares of LegalZoom.com by 10.3% in the 2nd quarter. Rhumbline Advisers now owns 188,693 shares of the company’s stock valued at $1,583,000 after buying an additional 17,697 shares during the period. Victory Capital Management Inc. boosted its stake in shares of LegalZoom.com by 168.6% in the second quarter. Victory Capital Management Inc. now owns 65,795 shares of the company’s stock worth $552,000 after buying an additional 41,304 shares during the last quarter. Quest Partners LLC grew its holdings in LegalZoom.com by 43.8% during the second quarter. Quest Partners LLC now owns 21,943 shares of the company’s stock worth $184,000 after acquiring an additional 6,682 shares during the period. Finally, American Century Companies Inc. raised its position in LegalZoom.com by 24.7% during the second quarter. American Century Companies Inc. now owns 228,273 shares of the company’s stock valued at $1,915,000 after acquiring an additional 45,202 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LZ. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price objective on shares of LegalZoom.com in a research report on Friday, November 8th. William Blair initiated coverage on shares of LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating on the stock. UBS Group initiated coverage on shares of LegalZoom.com in a report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, Citigroup lifted their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, LegalZoom.com presently has a consensus rating of “Hold” and a consensus target price of $8.79.

LegalZoom.com Stock Down 1.1 %

LZ opened at $7.82 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 60.16, a PEG ratio of 1.81 and a beta of 1.10. The firm’s fifty day simple moving average is $7.80 and its two-hundred day simple moving average is $7.16. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, beating 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 period last year, the company posted $0.05 EPS. LegalZoom.com’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

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.