LegalZoom.com (NASDAQ:LZ) Now Covered by William Blair

Analysts at William Blair assumed coverage on shares of LegalZoom.com (NASDAQ:LZ) in a research report issued on Monday, Marketbeat.com reports. The firm set a “market perform” rating on the stock.

Other equities analysts also recently issued reports about the stock. Bank of America downgraded shares of LegalZoom.com from a “buy” rating to an “underperform” rating and decreased their price target for the company from $13.00 to $6.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group upgraded 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 downgraded shares of LegalZoom.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $8.00 in a research note on Wednesday, July 10th. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Two investment 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.com, the stock has a consensus rating of “Hold” and an average price target of $9.79.

LegalZoom.com Stock Performance

NASDAQ LZ opened at $6.75 on Monday. The firm’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $9.19. LegalZoom.com has a 1 year low of $5.33 and a 1 year high of $13.74. The firm has a market capitalization of $1.27 billion, a P/E ratio of 61.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The firm had revenue of $177.36 million for the quarter, compared to analyst estimates of $172.92 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that LegalZoom.com will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LZ. Victory Capital Management Inc. bought a new position in LegalZoom.com in the 4th quarter valued at approximately $191,000. Swiss National Bank increased its position in LegalZoom.com by 24.0% during the 4th quarter. Swiss National Bank now owns 208,500 shares of the company’s stock valued at $2,356,000 after purchasing an additional 40,400 shares during the period. Amalgamated Bank increased its position in LegalZoom.com by 9.6% during the 4th quarter. Amalgamated Bank now owns 17,055 shares of the company’s stock valued at $193,000 after purchasing an additional 1,495 shares during the period. Charles Schwab Investment Management Inc. increased its position in LegalZoom.com by 15.3% during the 4th 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 during the period. Finally, Teacher Retirement System of Texas acquired a new stake in LegalZoom.com during the 4th quarter valued at approximately $295,000. Institutional investors own 81.99% of the company’s stock.

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.