LegalZoom.com, Inc. (NASDAQ:LZ) Stock Holdings Increased by nVerses Capital LLC

nVerses Capital LLC lifted its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 16.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,800 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. nVerses Capital LLC’s holdings in LegalZoom.com were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its position in LegalZoom.com by 64.7% during the fourth quarter. Wellington Management Group LLP now owns 1,974,236 shares of the company’s stock valued at $22,309,000 after acquiring an additional 775,775 shares in the last quarter. Vanguard Group Inc. raised its position in LegalZoom.com by 21.4% during the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock valued at $178,282,000 after acquiring an additional 2,777,206 shares in the last quarter. Nomura Holdings Inc. bought a new position in LegalZoom.com during the fourth quarter valued at approximately $120,000. Counterpoint Mutual Funds LLC bought a new position in LegalZoom.com during the first quarter valued at approximately $135,000. Finally, WoodTrust Financial Corp raised its position in LegalZoom.com by 16.0% during the first quarter. WoodTrust Financial Corp now owns 58,100 shares of the company’s stock valued at $775,000 after acquiring an additional 8,000 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LZ shares. Jefferies Financial Group upgraded 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. William Blair started coverage on LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their price target on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Barclays downgraded shares of LegalZoom.com from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.79.

LegalZoom.com Trading Up 1.3 %

LegalZoom.com stock opened at $6.98 on Monday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 63.45, a PEG ratio of 2.03 and a beta of 1.10. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The business has a 50-day moving average of $6.48 and a 200-day moving average of $8.11.

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

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.