LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) has been given a consensus rating of “Reduce” by the nine analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.79.
LZ has been the topic of a number of research reports. William Blair assumed coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating on the stock. Citigroup lowered LegalZoom.com from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $8.00 in a research note on Wednesday, July 10th. Bank of America downgraded LegalZoom.com from a “buy” rating to an “underperform” rating and reduced their price target for the company from $13.00 to $6.00 in a research note on Wednesday, July 10th. Jefferies Financial Group raised LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, July 31st. Finally, Barclays downgraded LegalZoom.com from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 10th.
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Hedge Funds Weigh In On LegalZoom.com
LegalZoom.com Trading Up 2.6 %
LZ stock opened at $6.79 on Wednesday. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74. The business’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $8.25. The firm has a market capitalization of $1.28 billion, a PE ratio of 61.73, a PEG ratio of 2.03 and a beta of 1.10.
LegalZoom.com (NASDAQ:LZ – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $177.36 million for the quarter, compared to the consensus estimate of $172.92 million. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, sell-side analysts predict that LegalZoom.com will post 0.23 EPS for the current fiscal year.
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.
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