LegalZoom.com’s (LZ) Market Perform Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of LegalZoom.com (NASDAQ:LZ) in a report issued on Friday morning,Benzinga reports.

Several other research analysts have also recently weighed in on the company. Morgan Stanley upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Citigroup raised their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised LegalZoom.com from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $8.00 to $9.00 in a report on Monday, January 13th. UBS Group assumed coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target on the stock. Finally, Barclays upped their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and a consensus price target of $8.81.

LegalZoom.com Trading Down 1.9 %

Shares of LegalZoom.com stock opened at $8.99 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 69.16, a P/E/G ratio of 1.73 and a beta of 1.10. The firm’s 50-day moving average price is $8.08 and its two-hundred day moving average price is $7.23. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up .8% on a year-over-year basis. As a group, equities research analysts predict that LegalZoom.com will post 0.25 EPS for the current year.

Hedge Funds Weigh In On LegalZoom.com

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its holdings in shares of LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after purchasing an additional 3,406 shares during the last quarter. Nisa Investment Advisors LLC lifted its position 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 buying an additional 3,919 shares during the period. Wexford Capital LP purchased a new position in LegalZoom.com during the 3rd quarter valued at about $64,000. Creative Planning purchased a new position in shares of LegalZoom.com during the third quarter valued at approximately $72,000. Finally, Paloma Partners Management Co bought a new stake in LegalZoom.com in the third quarter worth $81,000. 81.99% of the stock is currently owned by institutional investors.

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.