LegalZoom.com (NASDAQ:LZ) CFO Sells $143,400.00 in Stock

LegalZoom.com, Inc. (NASDAQ:LZ) CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total value of $143,400.00. Following the completion of the sale, the chief financial officer directly owned 1,551,582 shares of the company’s stock, valued at approximately $14,833,123.92. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Noel Bertram Watson also recently made the following trade(s):

• On Monday, August 25th, Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33.
• On Friday, August 22nd, Noel Bertram Watson sold 18,136 shares of LegalZoom.com stock. The stock was sold at an average price of $11.03, for a total value of $200,040.08.

LegalZoom.com Trading Down 3.2%

Shares of NASDAQ:LZ traded down $0.31 during trading on Tuesday, hitting $9.41. 2,155,663 shares of the company’s stock traded hands, compared to its average volume of 2,144,628. LegalZoom.com, Inc. has a 52 week low of $6.47 and a 52 week high of $12.40. The company has a 50-day moving average price of $10.29 and a 200-day moving average price of $9.70. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 78.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $190.16 million for the quarter, compared to the consensus estimate of $183.27 million. LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LZ. Barclays raised their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Morgan Stanley raised their price objective on LegalZoom.com from $8.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, November 13th. Citigroup lifted their target price on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday. Finally, Wall Street Zen downgraded shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LZ. Arrowstreet Capital Limited Partnership lifted its holdings in shares of LegalZoom.com by 20.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,408,170 shares of the company’s stock worth $45,757,000 after acquiring an additional 758,367 shares during the period. Franklin Resources Inc. increased its holdings in LegalZoom.com by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,327,296 shares of the company’s stock worth $34,537,000 after purchasing an additional 90,599 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LegalZoom.com by 7.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,680,984 shares of the company’s stock valued at $27,833,000 after buying an additional 194,080 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of LegalZoom.com by 8.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company’s stock worth $18,828,000 after purchasing an additional 166,385 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of LegalZoom.com by 60.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,170,327 shares of the company’s stock valued at $22,528,000 after buying an additional 817,462 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

About LegalZoom.com

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.