LegalZoom.com (NASDAQ:LZ) Price Target Raised to $8.50

LegalZoom.com (NASDAQ:LZ) had its price target upped by Citigroup from $7.00 to $8.50 in a research note released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Barclays boosted their price objective 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. Jefferies Financial Group raised shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $8.00 price objective on shares of LegalZoom.com in a research note on Friday, November 8th. 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. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.75.

LegalZoom.com Stock Up 0.4 %

NASDAQ LZ opened at $7.94 on Tuesday. The company has a market cap of $1.37 billion, a PE ratio of 61.08, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The firm’s 50-day simple moving average is $7.14 and its two-hundred day simple moving average is $7.29. LegalZoom.com has a 52 week low of $5.33 and a 52 week high of $13.74.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company had revenue of $168.60 million during the quarter, compared to the consensus estimate of $167.66 million. During the same period last year, the firm earned $0.05 EPS. LegalZoom.com’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Trading of LegalZoom.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC grew its position in LegalZoom.com by 16.2% in the third quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock worth $100,000 after acquiring an additional 2,200 shares in the last quarter. Quarry LP boosted its holdings in shares of LegalZoom.com by 318.9% in the 2nd quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after purchasing an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Lombard Odier Asset Management USA Corp raised its holdings in shares of LegalZoom.com by 29.6% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company’s stock valued at $191,000 after buying an additional 5,208 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of LegalZoom.com by 43.8% during the 2nd quarter. Quest Partners LLC now owns 21,943 shares of the company’s stock valued at $184,000 after buying an additional 6,682 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.