LegalZoom.com, Inc. (NASDAQ:LZ) Receives $11.50 Consensus PT from Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.50.

Several equities analysts have issued reports on LZ shares. Morgan Stanley boosted their target price on LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, November 13th. William Blair upgraded LegalZoom.com from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Wall Street Zen lowered LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Barclays raised their target price on LegalZoom.com from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, Citigroup decreased their target price on shares of LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, November 21st.

Insider Transactions at LegalZoom.com

In other news, insider Nicole Miller sold 23,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total transaction of $226,362.78. Following the sale, the insider owned 868,627 shares of the company’s stock, valued at $8,364,878.01. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Noel Bertram Watson sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 1,551,582 shares of the company’s stock, valued at $14,833,123.92. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of LegalZoom.com during the 3rd quarter worth about $34,000. Parkside Financial Bank & Trust purchased a new position in shares of LegalZoom.com during the third quarter valued at approximately $40,000. Clearstead Advisors LLC grew its stake in LegalZoom.com by 58.5% in the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock worth $41,000 after acquiring an additional 1,441 shares during the period. Osaic Holdings Inc. grew its stake in LegalZoom.com by 477.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after acquiring an additional 3,766 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in LegalZoom.com by 976.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock valued at $41,000 after acquiring an additional 4,140 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Price Performance

Shares of NASDAQ LZ opened at $10.38 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 86.51, a P/E/G ratio of 1.73 and a beta of 1.22. LegalZoom.com has a 1-year low of $6.47 and a 1-year high of $12.40. The stock has a fifty day moving average price of $9.85 and a 200 day moving average price of $9.93.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The firm had revenue of $190.16 million during the quarter, compared to analyst estimates of $183.27 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts anticipate that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.

LegalZoom.com Company Profile

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.