Walleye Trading LLC Has $101,000 Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Walleye Trading LLC reduced its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 61.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,838 shares of the company’s stock after selling 24,962 shares during the period. Walleye Trading LLC’s holdings in LegalZoom.com were worth $101,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. lifted its position in LegalZoom.com by 15.8% during the second quarter. Westwood Holdings Group Inc. now owns 5,581,315 shares of the company’s stock worth $46,827,000 after acquiring an additional 762,612 shares during the last quarter. Renaissance Technologies LLC lifted its position in LegalZoom.com by 26.8% during the second quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company’s stock worth $20,698,000 after acquiring an additional 521,200 shares during the last quarter. Coastal Bridge Advisors LLC lifted its position in LegalZoom.com by 10.2% during the second quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company’s stock worth $16,751,000 after acquiring an additional 184,696 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in LegalZoom.com by 25.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company’s stock worth $10,806,000 after acquiring an additional 262,335 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LegalZoom.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company’s stock worth $7,606,000 after acquiring an additional 32,085 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Price Performance

Shares of NASDAQ:LZ opened at $8.20 on Friday. The company’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $7.23. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 61.92, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74.

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

Wall Street Analysts Forecast Growth

LZ has been the subject of several research reports. William Blair initiated coverage on shares of LegalZoom.com in a research report on Monday, September 16th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $8.00 target price on shares of LegalZoom.com in a report on Friday, November 8th. Barclays raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Citigroup raised their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.79.

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.