LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Rating of “Hold” by Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.06.

A number of equities research analysts recently issued reports on LZ shares. Morgan Stanley raised their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. UBS Group started coverage on LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 price target for the company. JPMorgan Chase & Co. raised their price target on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Finally, Barclays boosted 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.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $8.67 on Tuesday. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $13.74. The firm has a market capitalization of $1.50 billion, a P/E ratio of 66.70, a P/E/G ratio of 1.73 and a beta of 1.13. The stock has a 50 day moving average price of $8.38 and a 200 day moving average price of $7.50.

Hedge Funds Weigh In On LegalZoom.com

Large investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in LegalZoom.com by 308.5% in the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock worth $1,427,000 after purchasing an additional 169,761 shares during the period. Mainstream Capital Management LLC acquired a new position in LegalZoom.com in the 3rd quarter worth about $1,429,000. JPMorgan Chase & Co. raised its holdings in LegalZoom.com by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after purchasing an additional 71,291 shares during the period. Oak Harvest Investment Services acquired a new position in LegalZoom.com in the 4th quarter worth about $751,000. Finally, Victory Capital Management Inc. raised its holdings in LegalZoom.com by 97.2% in the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock worth $824,000 after purchasing an additional 63,980 shares during the period. 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.