LegalZoom.com, Inc. (NASDAQ:LZ) Receives Average Rating of “Hold” from Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.06.

A number of equities research analysts have recently weighed in on LZ shares. 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 objective on the stock. Citigroup raised their target price on 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 their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th.

Institutional Trading of LegalZoom.com

Several large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings 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 purchasing an additional 3,919 shares during the period. Quarry LP grew its holdings in LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock valued at $52,000 after purchasing an additional 3,732 shares during the period. State of Wyoming grew its holdings in LegalZoom.com by 42.1% during the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after purchasing an additional 2,475 shares during the period. Wexford Capital LP bought a new stake in LegalZoom.com during the third quarter valued at about $64,000. Finally, Creative Planning bought a new stake in LegalZoom.com during the third quarter valued at about $72,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $9.18 on Tuesday. The firm has a market cap of $1.59 billion, a P/E ratio of 70.62, a P/E/G 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. The business’s 50 day moving average price is $8.32 and its 200-day moving average price is $7.42.

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.