LegalZoom.com, Inc. (NASDAQ:LZ) Given Consensus Recommendation of “Hold” by Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.19.

LZ has been the subject of a number of analyst reports. Citigroup raised their price objective 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. William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Finally, Barclays lifted their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $9.30 on Friday. The firm has a market cap of $1.64 billion, a P/E ratio of 71.54, a P/E/G ratio of 1.73 and a beta of 1.09. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.58. The firm has a 50-day simple moving average of $8.91 and a two-hundred day simple moving average of $7.85.

Hedge Funds Weigh In On LegalZoom.com

Several large investors have recently added to or reduced their stakes in LZ. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of LegalZoom.com in the fourth quarter worth $271,000. Mackenzie Financial Corp lifted its holdings in shares of LegalZoom.com by 164.0% in the fourth quarter. Mackenzie Financial Corp now owns 84,086 shares of the company’s stock worth $631,000 after buying an additional 52,236 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of LegalZoom.com in the fourth quarter worth $567,000. Two Sigma Advisers LP lifted its holdings in shares of LegalZoom.com by 49.3% in the fourth quarter. Two Sigma Advisers LP now owns 430,000 shares of the company’s stock worth $3,229,000 after buying an additional 141,900 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of LegalZoom.com by 22.5% in the fourth quarter. Two Sigma Investments LP now owns 303,241 shares of the company’s stock worth $2,277,000 after buying an additional 55,652 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.