LegalZoom.com (NASDAQ:LZ) shares the spread up to $12.92
LegalZoom.com, Inc. (NASDAQ:LZ – Get a rating) widened before the market opened on Wednesday . The stock had previously closed at $12.92, but opened at $12.17. LegalZoom.com shares last traded at $11.67, with a volume of 10,647 shares traded.
Several equity research analysts have weighed in on LZ shares. JMP Securities reissued a “buy” rating and set a price target of $31.00 on LegalZoom.com shares in a Thursday, March 24 research note. Morgan Stanley raised its price target on LegalZoom.com from $14.00 to $16.00 and gave the stock an “equal weight” rating in a Wednesday, March 23 research note. Barclays reduced its target price on LegalZoom.com from $32.00 to $17.00 and set an “overweight” rating on the stock in a Friday March 11 research note. Citigroup upgraded LegalZoom.com from a “neutral” rating to a “buy” rating and raised its target price for the company from $19.00 to $20.00 in a Wednesday, April 20 research note. Finally, Credit Suisse Group reduced its price target on LegalZoom.com from $40.00 to $31.00 and set an “outperform” rating on the stock in a Friday, March 11 research note. Four equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.25.
The stock has a market capitalization of $2.53 billion and a PE ratio of -16.55. The company has a fifty-day moving average of $13.21 and a 200-day moving average of $14.50.
LegalZoom.com (NASDAQ:LZ – Get a rating) last announced its quarterly results on Thursday, May 12. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.01) by ($0.04). The company posted revenue of $154.21 million in the quarter, compared to $150.66 million expected by analysts. LegalZoom.com had a negative net margin of 21.77% and a negative return on equity of 1,446.94%. The company’s revenue for the quarter increased by 14.5% compared to the same quarter last year. As a group, stock analysts expect LegalZoom.com, Inc. to post -0.22 EPS for the current fiscal year.
A number of institutional investors have been buying and selling shares of LZ recently. Covestor Ltd purchased a new stake in LegalZoom.com during the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in LegalZoom.com during the first quarter for $27,000. Citigroup Inc. acquired a new position in shares of LegalZoom.com during the third quarter worth $30,000. Point72 Hong Kong Ltd acquired a new position in shares of LegalZoom.com during the third quarter worth $35,000. Finally, MetLife Investment Management LLC acquired a new position in shares of LegalZoom.com during the first quarter worth $63,000. Institutional investors hold 51.19% of the company’s shares.
About LegalZoom.com (NASDAQ:LZ)
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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