Analysts Set LegalZoom.com, Inc. (NASDAQ:LZ) PT at $9.19

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.19.

Several research analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company. William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Citigroup upped their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Barclays upped their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th.

Hedge Funds Weigh In On LegalZoom.com

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its holdings in LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares during the last quarter. State of Wyoming lifted its holdings in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after acquiring an additional 2,475 shares during the last quarter. Wexford Capital LP bought a new position in LegalZoom.com in the third quarter worth about $64,000. Aigen Investment Management LP bought a new position in LegalZoom.com in the fourth quarter worth about $76,000. Finally, Olympiad Research LP bought a new position in LegalZoom.com in the fourth quarter worth about $78,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Stock Performance

Shares of LZ opened at $9.56 on Friday. The stock has a fifty day moving average of $8.94 and a two-hundred day moving average of $7.89. The company has a market capitalization of $1.68 billion, a PE ratio of 73.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.58.

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.