Creative Planning Invests $72,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

Creative Planning acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,307 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors have also bought and sold shares of LZ. Ameritas Investment Partners Inc. raised its position in LegalZoom.com by 8.8% in the first quarter. Ameritas Investment Partners Inc. now owns 13,345 shares of the company’s stock worth $178,000 after acquiring an additional 1,074 shares in the last quarter. Ascent Group LLC lifted its stake in LegalZoom.com by 27.6% during the first quarter. Ascent Group LLC now owns 13,650 shares of the company’s stock valued at $182,000 after purchasing an additional 2,950 shares during the last quarter. Quarry LP lifted its stake in LegalZoom.com by 318.9% during the second quarter. Quarry LP now owns 4,474 shares of the company’s stock valued at $38,000 after purchasing an additional 3,406 shares during the last quarter. ProShare Advisors LLC grew its position in LegalZoom.com by 22.5% in the first quarter. ProShare Advisors LLC now owns 24,042 shares of the company’s stock worth $321,000 after buying an additional 4,420 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp increased its holdings in shares of LegalZoom.com by 29.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company’s stock valued at $191,000 after buying an additional 5,208 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LZ shares. Barclays boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $8.00 target price on shares of LegalZoom.com in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Jefferies Financial Group upgraded LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, July 31st. Finally, William Blair started coverage on shares of LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and a consensus target price of $8.79.

LegalZoom.com Price Performance

LegalZoom.com stock opened at $8.42 on Wednesday. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74. The company’s fifty day moving average price is $6.87 and its two-hundred day moving average price is $7.55. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 64.54, a PEG ratio of 2.61 and a beta of 1.06.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $168.60 million during the quarter, compared to the consensus estimate of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.24 earnings per share for the current year.

LegalZoom.com 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.