LegalZoom.com, Inc. (NASDAQ:LZ) Position Increased by Barclays PLC

Barclays PLC increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 308.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,782 shares of the company’s stock after buying an additional 169,761 shares during the quarter. Barclays PLC owned about 0.13% of LegalZoom.com worth $1,427,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC boosted its position in shares of LegalZoom.com by 10.2% during the second quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company’s stock worth $16,751,000 after buying an additional 184,696 shares during the period. Mainstream Capital Management LLC acquired a new position in LegalZoom.com during the 3rd quarter worth $1,429,000. Renaissance Technologies LLC grew its stake in shares of LegalZoom.com by 26.8% in the second quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company’s stock worth $20,698,000 after purchasing an additional 521,200 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of LegalZoom.com by 97.2% in the third quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock worth $824,000 after purchasing an additional 63,980 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of LegalZoom.com during the third quarter valued at $3,112,000. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Price Performance

LegalZoom.com stock opened at $7.52 on Monday. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74. The company’s fifty day moving average price is $7.92 and its two-hundred day moving average price is $7.11. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 57.85, a PEG ratio of 1.81 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company had revenue of $168.60 million for the quarter, compared to the consensus estimate of $167.66 million. During the same quarter last year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays upped their target price 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $8.00 target price on shares of LegalZoom.com in a research note on Friday, November 8th. UBS Group began coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price on the stock. Citigroup upped their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, William Blair initiated coverage on shares of LegalZoom.com in a report on Monday, September 16th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.79.

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.