Daniel A. Wernikoff sells 15,977 shares of LegalZoom.com, Inc. (NASDAQ: LZ)

LegalZoom.com, Inc. (NASDAQ:LZGet a rating) CEO Daniel A. Wernikoff sold 15,977 shares of the company in a trade on Wednesday, August 17. The stock was sold at an average price of $11.46, for a total value of $183,096.42. Following the completion of the sale, the CEO now owns 441,159 shares of the company, valued at $5,055,682.14. The transaction was disclosed in an SEC filing, which is available via this link.

LegalZoom.com stock down 7.5%

Shares of The LegalZoom.com action opened at $10.69 on Friday. The company has a market capitalization of $2.08 billion, a price-earnings ratio of -20.17 and a beta of 0.38. The company has a 50-day moving average price of $11.21 and a 200-day moving average price of $13.08. LegalZoom.com, Inc. has a 12-month low of $8.64 and a 12-month high of $37.06.

LegalZoom.com (NASDAQ:LZGet a rating) last released its quarterly earnings data on Thursday, August 11. The company reported earnings per share of $0.05 for the quarter, beating consensus analyst estimates of $0.02 by $0.03. The company posted revenue of $163.87 million in the quarter, versus analyst estimates of $161.29 million. LegalZoom.com had a negative return on equity of 49.38% and a negative net margin of 17.14%. The company’s quarterly revenue increased by 8.9% compared to the same quarter last year. In the same quarter last year, the company posted ($0.30) earnings per share. On average, stock analysts expect LegalZoom.com, Inc. to post -0.2 EPS for the current fiscal year.

Institutional entries and exits

A number of institutional investors have recently changed their positions in LZ. Spearhead Capital Advisors LLC bought a new position in LegalZoom.com stock in Q1 worth approximately $285,000. Premier Fund Managers Ltd bought a new position in shares of LegalZoom.com in Q1 worth approximately $2,503,000. Gladius Capital Management LP bought a new position in shares of LegalZoom.com in Q4, valued at approximately $225,000. Mission Wealth Management LP bought a new position in shares of LegalZoom.com in Q4, valued at approximately $323,000. Finally, Hawk Ridge Capital Management LP increased its equity stake in LegalZoom.com by 143.8% in the 1st quarter. Hawk Ridge Capital Management LP now owns 3,906,537 shares of the company valued at $55,238,000 after acquiring 2,303,988 additional shares in the last quarter. Hedge funds and other institutional investors hold 51.19% of the company’s shares.

Analyst upgrades and downgrades

LZ has been the subject of several analyst reports. Morgan Stanley downgraded LegalZoom.com from an “equal weight” rating to an “underweight” rating and reduced its price target for the stock from $12.00 to $9.00 in a rating of research from Thursday, July 28. Barclays reduced its price target on LegalZoom.com to $16.00 in a Monday August 15 research note. Finally, Credit Suisse Group reduced its price target on LegalZoom.com from $24.00 to $19.00 and set an “outperform” rating for the company in a Friday, August 12 research note. One investment analyst has assigned the stock a sell rating, one has assigned a hold rating and five have assigned the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

LegalZoom.com Company Profile

(Get a rating)

LegalZoom.com, Inc operates an online legal and compliance solutions platform in the United States. The Company’s platform offers products and services, including business training, creation of estate planning documents, intellectual property protection, completion of certain forms and agreements, access to attorney advice freelancers and connecting clients with experts for tax preparation and accounting services.

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