Marshall Wace LLP Purchases New Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Marshall Wace LLP acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 212,626 shares of the company’s stock, valued at approximately $1,784,000. Marshall Wace LLP owned 0.11% of LegalZoom.com as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of LegalZoom.com in the second quarter worth about $114,000. Magnetar Financial LLC bought a new stake in LegalZoom.com during the 2nd quarter worth approximately $115,000. Nomura Holdings Inc. acquired a new stake in LegalZoom.com during the 4th quarter worth approximately $120,000. Counterpoint Mutual Funds LLC bought a new position in LegalZoom.com in the first quarter valued at approximately $135,000. Finally, Ameritas Investment Partners Inc. lifted its stake in LegalZoom.com by 8.8% in the first quarter. Ameritas Investment Partners Inc. now owns 13,345 shares of the company’s stock valued at $178,000 after buying an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Up 4.3 %

Shares of LegalZoom.com stock opened at $6.60 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of 60.00, a P/E/G ratio of 2.08 and a beta of 1.10. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $13.74. The business’s 50 day moving average is $6.38 and its 200-day moving average is $8.64.

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, topping 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 firm had revenue of $177.36 million for the quarter, compared to analyst estimates of $172.92 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that LegalZoom.com, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented 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. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Citigroup downgraded LegalZoom.com from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $15.00 to $8.00 in a report on Wednesday, July 10th. William Blair began coverage on LegalZoom.com in a research report on Monday, September 16th. They issued a “market perform” rating on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.79.

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.