Centiva Capital LP Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Centiva Capital LP acquired a new position in LegalZoom.com, Inc. (NASDAQ:LZ) during the fourth quarter, Holdings Channel reports. The firm acquired 44,469 shares of the company’s stock, valued at approximately $334,000.

Several other institutional investors have also modified their holdings of LZ. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com during the 4th quarter worth $76,000. Olympiad Research LP purchased a new stake in shares of LegalZoom.com during the fourth quarter valued at $78,000. Quantessence Capital LLC acquired a new position in shares of LegalZoom.com in the 4th quarter valued at $78,000. Sei Investments Co. purchased a new position in LegalZoom.com in the 4th quarter worth about $83,000. Finally, Cibc World Markets Corp acquired a new stake in LegalZoom.com during the 4th quarter worth about $90,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Up 0.7%

LZ stock opened at $9.02 on Monday. The company has a 50 day moving average of $8.19 and a two-hundred day moving average of $8.25. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 69.39, a PEG ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $10.60.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. LegalZoom.com’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. On average, research analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on LZ shares. Morgan Stanley raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Barclays raised their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.19.

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.