LegalZoom.com (NASDAQ:LZ) Earns Neutral Rating from Analysts at UBS Group

UBS Group began coverage on shares of LegalZoom.com (NASDAQ:LZ) in a research note released on Friday morning, MarketBeat reports. The brokerage issued a neutral rating and a $9.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Citigroup raised their price objective on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, November 26th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $8.00 price target on shares of LegalZoom.com in a research report on Friday, November 8th. Finally, Barclays raised their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and an average price target of $8.79.

LegalZoom.com Stock Up 1.9 %

NASDAQ:LZ opened at $8.20 on Friday. The business’s 50-day moving average price is $7.39 and its two-hundred day moving average price is $7.22. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74. The stock has a market cap of $1.42 billion, a P/E ratio of 63.08, a PEG ratio of 1.84 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $168.60 million for 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 company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. On average, equities research analysts expect that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On LegalZoom.com

Large investors have recently made changes to their positions in the business. Quarry LP grew its position 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 buying an additional 3,406 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of LegalZoom.com by 179.8% in 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 period. Wexford Capital LP purchased a new position in shares of LegalZoom.com in the 3rd quarter valued at approximately $64,000. Point72 DIFC Ltd purchased a new position in shares of LegalZoom.com in the 2nd quarter valued at approximately $71,000. Finally, Creative Planning purchased a new position in shares of LegalZoom.com in the 3rd quarter valued at approximately $72,000. 81.99% of the stock is currently owned by institutional investors.

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.