Savant Capital LLC Buys Shares of 21,666 LegalZoom.com, Inc. (NASDAQ:LZ)

Savant Capital LLC purchased a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,666 shares of the company’s stock, valued at approximately $163,000.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after acquiring an additional 3,919 shares during the last quarter. Quarry LP boosted its position in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock valued at $52,000 after acquiring an additional 3,732 shares during the last quarter. Wexford Capital LP bought a new stake in LegalZoom.com in the 3rd quarter worth approximately $64,000. Creative Planning bought a new stake in LegalZoom.com in the 3rd quarter worth approximately $72,000. Finally, Paloma Partners Management Co bought a new stake in LegalZoom.com in the 3rd quarter worth approximately $81,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock opened at $9.05 on Thursday. The business’s 50 day simple moving average is $8.36 and its two-hundred day simple moving average is $7.46. The stock has a market capitalization of $1.56 billion, a P/E ratio of 69.62, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74.

Analyst Upgrades and Downgrades

LZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Finally, UBS Group started coverage on LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, LegalZoom.com has an average rating of “Hold” and a consensus target price of $9.06.

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.