LegalZoom.com (NASDAQ:LZ) Upgraded to “Outperform” at William Blair

William Blair upgraded shares of LegalZoom.com (NASDAQ:LZ) from a market perform rating to an outperform rating in a report published on Thursday morning, Marketbeat.com reports.

Several other research firms have also issued reports on LZ. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Citigroup upped their target price on LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Bank of America upgraded shares of LegalZoom.com from an “underperform” rating to a “buy” rating and upped their price objective for the company from $8.00 to $12.00 in a report on Friday, August 8th. Finally, Barclays lifted their target price on shares of LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, LegalZoom.com presently has an average rating of “Hold” and a consensus price target of $11.17.

LegalZoom.com Price Performance

Shares of LZ stock opened at $10.93 on Thursday. The stock’s 50-day moving average is $10.39 and its 200 day moving average is $9.52. LegalZoom.com has a 1-year low of $6.47 and a 1-year high of $12.40. The company has a market cap of $1.97 billion, a P/E ratio of 91.09, a PEG ratio of 3.12 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last released its quarterly 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). The firm had revenue of $190.16 million for the quarter, compared to analysts’ expectations of $183.27 million. LegalZoom.com had a net margin of 3.05% and a return on equity of 10.60%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that LegalZoom.com will post 0.25 EPS for the current year.

Insider Buying and Selling at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 27,319 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.07, for a total transaction of $302,421.33. Following the completion of the transaction, the chief financial officer directly owned 1,676,426 shares in the company, valued at $18,558,035.82. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicole Miller sold 25,154 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the sale, the insider directly owned 960,032 shares in the company, valued at $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 109,859 shares of company stock worth $1,193,100. Company insiders own 5.90% of the company’s stock.

Institutional Trading of LegalZoom.com

Several hedge funds and other institutional investors have recently bought and sold shares of LZ. Brighton Jones LLC purchased a new position in LegalZoom.com during the fourth quarter valued at approximately $185,000. Allspring Global Investments Holdings LLC raised its holdings in LegalZoom.com by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,857 shares of the company’s stock worth $403,000 after purchasing an additional 16,430 shares during the period. Teacher Retirement System of Texas purchased a new position in LegalZoom.com during the first quarter worth approximately $147,000. Cerity Partners LLC boosted its position in LegalZoom.com by 190.2% during the first quarter. Cerity Partners LLC now owns 46,179 shares of the company’s stock worth $398,000 after purchasing an additional 30,266 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in LegalZoom.com by 6.1% in the first quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock valued at $256,000 after purchasing an additional 1,697 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Company 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.