LegalZoom.com (NASDAQ:LZ) Given Market Perform Rating at William Blair

LegalZoom.com (NASDAQ:LZ)‘s stock had its “market perform” rating reiterated by equities research analysts at William Blair in a research note issued on Thursday,RTT News reports.

Other analysts have also issued reports about the company. Barclays boosted their price target on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price target for the company. Morgan Stanley lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.19.

LegalZoom.com Trading Up 17.9 %

Shares of NASDAQ LZ traded up $1.59 during mid-day trading on Thursday, reaching $10.44. 1,864,406 shares of the company’s stock were exchanged, compared to its average volume of 1,735,057. The business has a fifty day simple moving average of $8.44 and a 200 day simple moving average of $7.56. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 79.56, a PEG ratio of 1.73 and a beta of 1.13.

Institutional Investors Weigh In On LegalZoom.com

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in shares of LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after buying an additional 3,919 shares during the last quarter. Quarry LP lifted its stake in shares of LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares during the period. State of Wyoming boosted its holdings in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after acquiring an additional 2,475 shares during the last quarter. Wexford Capital LP acquired a new stake in LegalZoom.com during the 3rd quarter valued at approximately $64,000. Finally, Aigen Investment Management LP bought a new position in LegalZoom.com during the 4th quarter worth approximately $76,000. 81.99% of the stock is owned by institutional investors.

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.