PDT Partners LLC Purchases 115,849 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

PDT Partners LLC boosted its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 66.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,452 shares of the company’s stock after buying an additional 115,849 shares during the period. PDT Partners LLC’s holdings in LegalZoom.com were worth $2,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LZ. Barclays PLC lifted its holdings in shares of LegalZoom.com by 308.5% in the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock valued at $1,427,000 after acquiring an additional 169,761 shares during the last quarter. Pathway Capital Management LP bought a new stake in shares of LegalZoom.com in the 4th quarter valued at approximately $2,387,000. JPMorgan Chase & Co. increased its position in shares of LegalZoom.com by 14.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock valued at $3,605,000 after purchasing an additional 71,291 shares during the last quarter. Oak Harvest Investment Services bought a new stake in LegalZoom.com in the fourth quarter worth $751,000. Finally, Citizens Financial Group Inc. RI boosted its stake in LegalZoom.com by 11.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock worth $4,096,000 after buying an additional 55,336 shares during the period. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LZ has been the subject of several analyst reports. William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Morgan Stanley decreased their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Barclays boosted their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.06.

LegalZoom.com Stock Up 2.8 %

Shares of NASDAQ LZ opened at $7.41 on Wednesday. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $12.43. The business has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.19. The firm has a market cap of $1.30 billion, a PE ratio of 57.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13.

LegalZoom.com 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.