Neumeier Poma Investment Counsel LLC Has $15.86 Million Stake in LegalZoom.com, Inc. $LZ

Neumeier Poma Investment Counsel LLC trimmed its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,597,435 shares of the company’s stock after selling 146,920 shares during the period. Neumeier Poma Investment Counsel LLC owned about 0.90% of LegalZoom.com worth $15,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LZ. Brighton Jones LLC acquired a new position in LegalZoom.com in the fourth quarter valued at about $185,000. Amundi acquired a new position in LegalZoom.com in the first quarter valued at about $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LegalZoom.com by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock valued at $646,000 after acquiring an additional 2,161 shares during the period. Goldman Sachs Group Inc. grew its stake in LegalZoom.com by 9.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,313,429 shares of the company’s stock valued at $11,309,000 after acquiring an additional 113,769 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in LegalZoom.com by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 275,978 shares of the company’s stock valued at $2,376,000 after acquiring an additional 4,607 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LegalZoom.com

In other news, insider Nicole Miller sold 19,199 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $6.58, for a total transaction of $126,329.42. Following the completion of the transaction, the insider directly owned 1,119,222 shares of the company’s stock, valued at $7,364,480.76. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. Also, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $6.45, for a total value of $96,750.00. Following the transaction, the chief financial officer directly owned 2,041,847 shares of the company’s stock, valued at $13,169,913.15. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 5.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reissued an “underweight” rating and issued a $6.00 target price (down from $9.00) on shares of LegalZoom.com in a research note on Wednesday, March 4th. Citigroup decreased their target price on LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. UBS Group decreased their target price on LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Zacks Research raised LegalZoom.com from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.75.

LegalZoom.com Price Performance

LZ stock opened at $5.80 on Friday. The stock has a market capitalization of $995.57 million, a P/E ratio of 96.68, a P/E/G ratio of 1.07 and a beta of 1.31. The business has a 50-day moving average of $6.17 and a 200-day moving average of $7.66. LegalZoom.com, Inc. has a fifty-two week low of $5.28 and a fifty-two week high of $12.40.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $206.78 million for the quarter, compared to analyst estimates of $202.14 million. LegalZoom.com had a return on equity of 11.53% and a net margin of 1.46%.The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Equities analysts expect that LegalZoom.com, Inc. will post 0.32 EPS for the current year.

LegalZoom.com announced that its board has initiated a stock repurchase program on Thursday, February 19th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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.