LegalZoom.com (NASDAQ:LZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LegalZoom.com (NASDAQ:LZ) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Other research analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LegalZoom.com in a research note on Saturday, September 27th. Citigroup increased their target price on LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.83.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $10.24 on Friday. LegalZoom.com has a 12-month low of $6.33 and a 12-month high of $11.93. The firm has a market cap of $1.85 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 3.14 and a beta of 1.23. The stock has a fifty day moving average price of $10.37 and a 200 day moving average price of $9.18.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $192.51 million for the quarter, compared to analyst estimates of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.LegalZoom.com’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that LegalZoom.com will post 0.25 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the sale, the chief financial officer directly owned 1,676,426 shares in the company, valued at $18,558,035.82. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Miller sold 25,154 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the completion of the transaction, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,859 shares of company stock worth $1,193,100. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On LegalZoom.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. EP Wealth Advisors LLC lifted its stake in shares of LegalZoom.com by 2.8% in the second quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock valued at $368,000 after purchasing an additional 1,139 shares during the period. Arizona State Retirement System increased its holdings in LegalZoom.com by 6.1% in the first quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock valued at $256,000 after buying an additional 1,697 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of LegalZoom.com by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock valued at $646,000 after acquiring an additional 2,161 shares during the period. Arkadios Wealth Advisors lifted its position in shares of LegalZoom.com by 4.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 73,000 shares of the company’s stock valued at $650,000 after acquiring an additional 2,924 shares during the period. Finally, Blueshift Asset Management LLC boosted its stake in shares of LegalZoom.com by 22.4% during the 2nd quarter. Blueshift Asset Management LLC now owns 17,184 shares of the company’s stock worth $153,000 after acquiring an additional 3,149 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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.