Federated Hermes Inc. Has $1.47 Million Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Federated Hermes Inc. reduced its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 21.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 175,298 shares of the company’s stock after selling 48,815 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of LegalZoom.com worth $1,471,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Technology Crossover Management IX Ltd. boosted its holdings in LegalZoom.com by 14.6% in the fourth quarter. Technology Crossover Management IX Ltd. now owns 16,396,313 shares of the company’s stock valued at $185,278,000 after acquiring an additional 2,094,240 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in LegalZoom.com by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,047,140 shares of the company’s stock worth $11,833,000 after purchasing an additional 138,702 shares during the last quarter. Blair William & Co. IL lifted its position in shares of LegalZoom.com by 5.4% in the 1st quarter. Blair William & Co. IL now owns 3,836,392 shares of the company’s stock worth $51,177,000 after purchasing an additional 195,512 shares during the period. Vanguard Group Inc. boosted its stake in shares of LegalZoom.com by 21.4% in the 4th quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock valued at $178,282,000 after purchasing an additional 2,777,206 shares during the last quarter. Finally, Hawk Ridge Capital Management LP increased its position in shares of LegalZoom.com by 2.4% during the fourth quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company’s stock worth $64,798,000 after buying an additional 135,517 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $6.62 on Friday. The stock 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, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74. The stock has a 50 day moving average price of $6.39 and a two-hundred day moving average price of $9.15.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The business had revenue of $177.36 million during the quarter, compared to the consensus estimate of $172.92 million. During the same quarter last year, the firm posted $0.02 EPS. LegalZoom.com’s revenue was up 5.0% compared to the same quarter last year. Research analysts forecast that LegalZoom.com, Inc. will post 0.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on LZ shares. Barclays lowered shares of LegalZoom.com from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 10th. William Blair initiated coverage on LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Jefferies Financial Group upgraded LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.79.

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.