Shares of LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) have been given an average rating of “Reduce” by the nine research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.79.
LZ has been the topic of several research reports. Citigroup lowered shares of LegalZoom.com from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $8.00 in a report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price target on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group raised LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Wednesday, July 31st. William Blair began coverage on shares of LegalZoom.com in a report on Monday, September 16th. They issued a “market perform” rating for the company. Finally, Bank of America lowered shares of LegalZoom.com from a “buy” rating to an “underperform” rating and decreased their price target for the company from $13.00 to $6.00 in a research report on Wednesday, July 10th.
Read Our Latest Report on LegalZoom.com
Hedge Funds Weigh In On LegalZoom.com
LegalZoom.com Stock Down 1.2 %
Shares of LegalZoom.com stock opened at $6.62 on Friday. The stock’s fifty day moving average is $6.39 and its two-hundred day moving average is $9.15. LegalZoom.com has a 52 week low of $5.33 and a 52 week high of $13.74. The company has a market capitalization of $1.25 billion, a PE ratio of 60.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.
LegalZoom.com (NASDAQ:LZ – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $177.36 million for the quarter, compared to analyst estimates of $172.92 million. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.02 earnings per share. As a group, research analysts anticipate that LegalZoom.com will post 0.23 earnings per share for the current year.
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.
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