SG Americas Securities LLC Boosts Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

SG Americas Securities LLC grew its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,104 shares of the company’s stock after purchasing an additional 27,867 shares during the period. SG Americas Securities LLC owned about 0.05% of LegalZoom.com worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP increased its stake in LegalZoom.com by 318.9% in the 2nd quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after buying an additional 3,406 shares during the period. Nisa Investment Advisors LLC grew its stake in LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after acquiring an additional 3,919 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of LegalZoom.com during the second quarter worth approximately $71,000. Wexford Capital LP bought a new stake in shares of LegalZoom.com during the third quarter valued at approximately $64,000. Finally, Creative Planning purchased a new stake in shares of LegalZoom.com in the third quarter valued at approximately $72,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on LZ. Citigroup raised their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Barclays increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. UBS Group assumed coverage on shares of LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of LegalZoom.com from an “underweight” rating to an “overweight” rating and raised their target price for the company from $8.00 to $9.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.81.

LegalZoom.com Stock Performance

LegalZoom.com stock opened at $9.16 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of 70.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. The stock has a 50-day moving average of $8.05 and a two-hundred day moving average of $7.20. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm had revenue of $168.60 million during the quarter, compared to analyst estimates of $167.66 million. During the same period last year, the firm posted $0.05 EPS. LegalZoom.com’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal 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.