RBF Capital LLC Buys 130,000 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

RBF Capital LLC increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 650.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after buying an additional 130,000 shares during the period. RBF Capital LLC’s holdings in LegalZoom.com were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP raised its stake in shares of LegalZoom.com by 318.9% during the second 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 last quarter. Nisa Investment Advisors LLC grew its holdings in LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the period. Point72 DIFC Ltd acquired a new position in LegalZoom.com during the second quarter valued at approximately $71,000. Creative Planning acquired a new position in LegalZoom.com during the third quarter valued at approximately $72,000. Finally, Paloma Partners Management Co acquired a new position in LegalZoom.com during the third quarter valued at approximately $81,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LZ has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. William Blair initiated coverage on shares of LegalZoom.com in a report on Monday, September 16th. They set a “market perform” rating for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $8.00 price objective on shares of LegalZoom.com in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Finally, Citigroup upped their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.75.

LegalZoom.com Stock Up 3.0 %

LegalZoom.com stock opened at $8.20 on Thursday. The stock has a market capitalization of $1.42 billion, a PE ratio of 63.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.74. The company has a 50 day moving average of $7.29 and a 200-day moving average of $7.22.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, topping 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 business had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $167.66 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal 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.