LegalZoom.com (NASDAQ:LZ) Issues Earnings Results

LegalZoom.com (NASDAQ:LZ) issued its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08), Zacks reports. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. LegalZoom.com updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

LegalZoom.com Stock Performance

Shares of LZ traded down $0.15 during trading hours on Wednesday, hitting $8.85. The stock had a trading volume of 4,225,474 shares, compared to its average volume of 1,764,725. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 68.08, a PEG ratio of 1.73 and a beta of 1.13. The firm has a 50-day moving average price of $8.41 and a 200 day moving average price of $7.55. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74.

Wall Street Analysts Forecast Growth

LZ has been the topic of several recent research reports. UBS Group initiated coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Citigroup raised their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.06.

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.