LegalZoom.com, Inc. (NASDAQ:LZ) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 545,404 shares of the company’s stock after purchasing an additional 55,336 shares during the period. Citizens Financial Group Inc. RI’s holdings in LegalZoom.com were worth $4,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LZ. Quarry LP grew its position in LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after buying an additional 3,732 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after acquiring an additional 4,697 shares during the period. Wexford Capital LP purchased a new position in LegalZoom.com in the 3rd quarter valued at approximately $64,000. Aigen Investment Management LP acquired a new position in LegalZoom.com during the fourth quarter worth $76,000. Finally, Olympiad Research LP acquired a new position in LegalZoom.com during the fourth quarter worth $78,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LZ shares. Barclays raised their price target on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. UBS Group initiated coverage on LegalZoom.com in a report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, LegalZoom.com presently has an average rating of “Hold” and a consensus target price of $9.19.

LegalZoom.com Stock Performance

LZ opened at $9.26 on Wednesday. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The company’s 50 day simple moving average is $8.81 and its 200 day simple moving average is $7.81. The stock has a market capitalization of $1.63 billion, a PE ratio of 71.24, a P/E/G ratio of 1.73 and a beta of 1.09.

LegalZoom.com 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.