LegalZoom.com’s (LZ) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market perform rating on shares of LegalZoom.com (NASDAQ:LZ) in a research report released on Friday morning,Benzinga reports.

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

LegalZoom.com Trading Down 1.9 %

NASDAQ:LZ opened at $8.99 on Friday. The company has a 50-day moving average of $8.08 and a 200-day moving average of $7.22. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 69.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $168.60 million during the quarter, compared to analyst estimates of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. On average, research analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On LegalZoom.com

A number of institutional investors have recently bought and sold shares of the business. nVerses Capital LLC raised its holdings in shares of LegalZoom.com by 16.2% in the 3rd quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock worth $100,000 after buying an additional 2,200 shares in the last quarter. Quarry LP raised its stake in 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 acquiring an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 3,919 shares during the period. Summit Trail Advisors LLC boosted its stake in shares of LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock valued at $552,000 after purchasing an additional 4,697 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of LegalZoom.com by 40.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,400 shares of the company’s stock worth $161,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.