Edgestream Partners L.P. Sells 189,456 Shares of LegalZoom.com, Inc. $LZ

Edgestream Partners L.P. trimmed its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 91.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,736 shares of the company’s stock after selling 189,456 shares during the period. Edgestream Partners L.P.’s holdings in LegalZoom.com were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LZ. Arkadios Wealth Advisors raised its position in LegalZoom.com by 5.6% in the 1st quarter. Arkadios Wealth Advisors now owns 74,819 shares of the company’s stock worth $424,000 after purchasing an additional 3,953 shares during the last quarter. Amundi boosted its position in LegalZoom.com by 83.2% in the 1st quarter. Amundi now owns 101,925 shares of the company’s stock valued at $578,000 after buying an additional 46,285 shares during the last quarter. Royal Bank of Canada increased its stake in shares of LegalZoom.com by 1,656.5% in the 1st quarter. Royal Bank of Canada now owns 188,505 shares of the company’s stock valued at $1,069,000 after buying an additional 177,773 shares during the period. Empowered Funds LLC bought a new stake in shares of LegalZoom.com during the first quarter worth $2,918,000. Finally, Hawk Ridge Capital Management LP lifted its stake in shares of LegalZoom.com by 48.7% during the first quarter. Hawk Ridge Capital Management LP now owns 735,929 shares of the company’s stock valued at $4,173,000 after acquiring an additional 241,100 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insiders Place Their Bets

In other LegalZoom.com news, CEO Jeffrey M. Stibel acquired 125,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $6.15 per share, for a total transaction of $768,750.00. Following the transaction, the chief executive officer owned 2,955,609 shares of the company’s stock, valued at $18,176,995.35. This trade represents a 4.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Miller sold 19,199 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $6.58, for a total value of $126,329.42. Following the sale, the insider directly owned 1,119,222 shares of the company’s stock, valued at approximately $7,364,480.76. The trade was a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 7.40% of the company’s stock.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $5.66 on Friday. The company has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $6.73. The company has a market capitalization of $971.54 million, a PE ratio of 62.89, a PEG ratio of 1.35 and a beta of 1.28. LegalZoom.com, Inc. has a 52 week low of $5.22 and a 52 week high of $12.40.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $205.29 million during the quarter, compared to analyst estimates of $205.83 million. LegalZoom.com had a net margin of 2.13% and a return on equity of 14.78%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, sell-side analysts forecast that LegalZoom.com, Inc. will post 0.34 earnings per share for the current year.

Trending Headlines about LegalZoom.com

Here are the key news stories impacting LegalZoom.com this week:

• Positive Sentiment: LegalZoom reported second-quarter revenue of $205.3 million, up 7% year over year, while subscription revenue rose 11% to $133.4 million. Adjusted EBITDA of $45.9 million exceeded the high end of company guidance, and the company repurchased $45.5 million of stock during the quarter. LegalZoom Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Quarterly earnings were $0.16 per share, exceeding the $0.15 analyst consensus and matching the company’s improving profitability trend. Net income reached $5.2 million, and LegalZoom ended the quarter with $167.2 million in cash, no debt, and $33.7 million in free cash flow. LegalZoom Surpasses Q2 Earnings Estimates
• Neutral Sentiment: Management said it is diversifying customer-acquisition channels because of an industry-wide shift in discovery away from traditional search, including changes associated with Google’s AI-powered search. This strategy could support longer-term growth but may create near-term uncertainty. LegalZoom Outlines 2026 Revenue Outlook
• Negative Sentiment: LegalZoom reduced its full-year 2026 revenue outlook to $795 million-$805 million, below the roughly $822 million consensus estimate. Third-quarter revenue guidance of $192 million-$196 million also trails the $204.4 million consensus, signaling a potentially slower growth rate ahead. LegalZoom 2026 Guidance
• Negative Sentiment: William Blair downgraded LZ from “outperform” to “market perform,” while JPMorgan reaffirmed its “neutral” rating and lowered its price target from $8 to $7. The analyst actions reinforce investor concerns about near-term growth and customer-acquisition risks. William Blair Downgrades LegalZoom

Analyst Upgrades and Downgrades

LZ has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of LegalZoom.com in a research report on Thursday, July 2nd. UBS Group dropped their price target on shares of LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Citigroup cut their price objective on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of LegalZoom.com in a research note on Thursday. Finally, Wall Street Zen raised shares of LegalZoom.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.08.

About LegalZoom.com

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.