Strs Ohio Purchases 5,100 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Strs Ohio boosted its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 68,000 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Strs Ohio’s holdings in LegalZoom.com were worth $768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LZ. DekaBank Deutsche Girozentrale bought a new position in shares of LegalZoom.com during the 3rd quarter valued at approximately $31,000. Parkside Financial Bank & Trust grew its position in shares of LegalZoom.com by 116.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company’s stock valued at $41,000 after acquiring an additional 2,002 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of LegalZoom.com during the 3rd quarter valued at approximately $56,000. New York State Teachers Retirement System grew its position in shares of LegalZoom.com by 686.8% during the 4th quarter. New York State Teachers Retirement System now owns 10,606 shares of the company’s stock valued at $120,000 after acquiring an additional 9,258 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of LegalZoom.com during the 3rd quarter valued at approximately $167,000. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, EVP Nicole Miller sold 16,536 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $10.64, for a total value of $175,943.04. Following the completion of the transaction, the executive vice president now directly owns 233,198 shares of the company’s stock, valued at approximately $2,481,226.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Nicole Miller sold 16,536 shares of LegalZoom.com stock in a transaction on Friday, February 16th. The shares were sold at an average price of $10.64, for a total transaction of $175,943.04. Following the completion of the sale, the executive vice president now directly owns 233,198 shares of the company’s stock, valued at approximately $2,481,226.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Francis Murphy sold 10,000 shares of LegalZoom.com stock in a transaction on Friday, March 1st. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the director now directly owns 40,507 shares of the company’s stock, valued at $505,122.29. The disclosure for this sale can be found here. Insiders sold a total of 60,555 shares of company stock valued at $664,688 in the last three months. Company insiders own 44.60% of the company’s stock.

LegalZoom.com Price Performance

Shares of NASDAQ:LZ opened at $12.30 on Thursday. The firm has a fifty day moving average price of $12.50 and a two-hundred day moving average price of $11.41. LegalZoom.com, Inc. has a one year low of $6.89 and a one year high of $15.68. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 153.77, a PEG ratio of 4.24 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. The firm had revenue of $158.66 million during the quarter, compared to the consensus estimate of $156.25 million. Equities research analysts expect that LegalZoom.com, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LZ has been the subject of a number of research reports. Barclays reduced their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Raymond James assumed coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of LegalZoom.com in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, LegalZoom.com presently has an average rating of “Hold” and a consensus price target of $14.36.

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.