LegalZoom.com (NASDAQ:LZ) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of LegalZoom.com (NASDAQ:LZ) in a report released on Friday, Marketbeat Ratings reports. The firm issued a neutral rating and a $9.00 price objective on the stock.

Several other research analysts have also recently weighed in on LZ. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price target on shares of LegalZoom.com in a research note on Friday, November 8th. William Blair initiated coverage on LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating for the company. Barclays boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Citigroup boosted their price target on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. 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’s stock. According to MarketBeat, LegalZoom.com currently has an average rating of “Hold” and an average target price of $8.79.

LegalZoom.com Trading Up 1.9 %

Shares of NASDAQ:LZ opened at $8.20 on Friday. The stock has a fifty day simple moving average of $7.39 and a two-hundred day simple moving average of $7.22. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 63.08, a PEG ratio of 1.84 and a beta of 1.10. LegalZoom.com has a 12-month low of $5.33 and a 12-month high of $13.74.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, equities research analysts predict that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Trading of LegalZoom.com

Hedge funds have recently bought and sold shares of the stock. Quarry LP grew its holdings in LegalZoom.com by 318.9% during the second quarter. Quarry LP now owns 4,474 shares of the company’s stock valued at $38,000 after purchasing an additional 3,406 shares during the period. Nisa Investment Advisors LLC grew its holdings in LegalZoom.com by 179.8% during the third 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 period. Wexford Capital LP bought a new stake in LegalZoom.com during the third quarter valued at about $64,000. Point72 DIFC Ltd bought a new stake in LegalZoom.com during the second quarter valued at about $71,000. Finally, Creative Planning bought a new stake in LegalZoom.com during the third quarter valued at about $72,000. 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.