Analysts Set LegalZoom.com, Inc. (NASDAQ:LZ) Price Target at $9.06

LegalZoom.com, Inc. (NASDAQ:LZGet Free Report) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.06.

Several analysts recently issued reports on LZ shares. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Citigroup boosted 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. JPMorgan Chase & Co. boosted their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, UBS Group began coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price for the company.

Check Out Our Latest Analysis on LZ

Institutional Investors Weigh In On LegalZoom.com

Several large investors have recently added to or reduced their stakes in LZ. Vanguard Group Inc. raised its position in LegalZoom.com by 14.5% during the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock valued at $152,241,000 after purchasing an additional 2,574,700 shares in the last quarter. Nuveen Asset Management LLC raised its position in LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company’s stock valued at $8,799,000 after purchasing an additional 877,125 shares in the last quarter. Norges Bank purchased a new stake in LegalZoom.com during the fourth quarter valued at about $5,769,000. Ararat Capital Management LP raised its position in LegalZoom.com by 26.6% during the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock valued at $24,396,000 after purchasing an additional 682,678 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in LegalZoom.com by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock valued at $8,662,000 after purchasing an additional 585,734 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Trading Down 2.2 %

Shares of NASDAQ LZ opened at $8.85 on Tuesday. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The stock has a 50 day moving average of $8.37 and a 200-day moving average of $7.47. The company has a market capitalization of $1.53 billion, a P/E ratio of 68.08, a P/E/G ratio of 1.80 and a beta of 1.13.

About LegalZoom.com

(Get Free Report

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.

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Analyst Recommendations for LegalZoom.com (NASDAQ:LZ)

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