William Blair Reduces Earnings Estimates for LegalZoom.com

LegalZoom.com, Inc. (NASDAQ:LZ) – Analysts at William Blair reduced their FY2025 earnings estimates for shares of LegalZoom.com in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $0.29 for the year, down from their prior estimate of $0.30. The consensus estimate for LegalZoom.com’s current full-year earnings is $0.25 per share.

Several other research firms also recently weighed in on LZ. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Tuesday. Barclays boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup increased their price target on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, UBS Group assumed coverage on LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.06.

LegalZoom.com Stock Performance

LZ stock opened at $9.23 on Wednesday. The firm has a fifty day moving average price of $8.26 and a 200 day moving average price of $7.36. The firm has a market cap of $1.60 billion, a PE ratio of 71.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74.

Hedge Funds Weigh In On LegalZoom.com

Several hedge funds have recently modified their holdings of LZ. Vanguard Group Inc. boosted its position in shares of LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after buying an additional 2,574,700 shares during the period. Norges Bank acquired a new position in LegalZoom.com during the 4th quarter worth $5,769,000. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock valued at $8,662,000 after acquiring an additional 585,734 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of LegalZoom.com by 2,178.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company’s stock valued at $3,896,000 after buying an additional 495,959 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in LegalZoom.com during the 3rd quarter worth about $3,112,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.