LegalZoom.com (NASDAQ:LZ) Insider Nicole Miller Sells 33,479 Shares of Stock

LegalZoom.com, Inc. (NASDAQ:LZ) insider Nicole Miller sold 33,479 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $5.51, for a total transaction of $184,469.29. Following the completion of the sale, the insider owned 943,453 shares in the company, valued at $5,198,426.03. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

Nicole Miller also recently made the following trade(s):

• On Monday, August 17th, Nicole Miller sold 43,996 shares of LegalZoom.com stock. The stock was sold at an average price of $5.51, for a total value of $242,417.96.

LegalZoom.com Price Performance

Shares of LZ stock opened at $5.69 on Wednesday. LegalZoom.com, Inc. has a 12-month low of $5.22 and a 12-month high of $12.40. The firm has a market capitalization of $974.47 million, a price-to-earnings ratio of 63.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. The business has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $6.55.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. LegalZoom.com had a return on equity of 15.83% and a net margin of 2.13%.The firm had revenue of $205.29 million for the quarter, compared to the consensus estimate of $205.83 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that LegalZoom.com, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitlin John LLC bought a new position in LegalZoom.com during the second quarter valued at about $366,000. Punch & Associates Investment Management Inc. raised its position in LegalZoom.com by 6.0% in the second quarter. Punch & Associates Investment Management Inc. now owns 2,850,501 shares of the company’s stock worth $17,474,000 after acquiring an additional 161,231 shares in the last quarter. Pacer Advisors Inc. raised its position in LegalZoom.com by 53.6% in the first quarter. Pacer Advisors Inc. now owns 926,425 shares of the company’s stock worth $5,253,000 after acquiring an additional 323,201 shares in the last quarter. Bank of America Corp DE lifted its holdings in LegalZoom.com by 187.4% in the 1st quarter. Bank of America Corp DE now owns 2,509,891 shares of the company’s stock valued at $14,231,000 after acquiring an additional 1,636,487 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in LegalZoom.com by 5.6% in the 1st quarter. Arkadios Wealth Advisors now owns 74,819 shares of the company’s stock valued at $424,000 after acquiring an additional 3,953 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LZ shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LegalZoom.com in a report on Thursday, July 2nd. William Blair cut shares of LegalZoom.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of LegalZoom.com in a research report on Thursday, August 6th. UBS Group reduced 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. Finally, Wall Street Zen cut shares of LegalZoom.com from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $7.30.

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.