LegalZoom.com, Inc. $LZ Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 53.6% during the first quarter, HoldingsChannel reports. The firm owned 926,425 shares of the company’s stock after acquiring an additional 323,201 shares during the period. Pacer Advisors Inc.’s holdings in LegalZoom.com were worth $5,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of LegalZoom.com by 165.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,730,487 shares of the company’s stock worth $37,044,000 after purchasing an additional 2,324,481 shares during the last quarter. Boston Partners purchased a new stake in LegalZoom.com in the 3rd quarter valued at $20,686,000. Bank of America Corp DE grew 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 buying an additional 1,636,487 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of LegalZoom.com by 180.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,797,252 shares of the company’s stock worth $16,014,000 after acquiring an additional 1,156,462 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of LegalZoom.com in the 4th quarter worth $10,526,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LZ has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of LegalZoom.com in a research report on Thursday, July 2nd. Wall Street Zen upgraded shares of LegalZoom.com from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. UBS Group reduced their target price on shares of LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of LegalZoom.com from $11.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. Finally, Citigroup dropped their price target on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com currently has a consensus rating of “Hold” and an average price target of $8.25.

LegalZoom.com Stock Down 3.6%

LZ opened at $8.10 on Thursday. LegalZoom.com, Inc. has a 52 week low of $5.22 and a 52 week high of $12.40. The business has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $6.75. The firm has a market cap of $1.39 billion, a P/E ratio of 135.02, a P/E/G ratio of 1.40 and a beta of 1.28.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. LegalZoom.com had a return on equity of 11.53% and a net margin of 1.46%.The firm had revenue of $205.29 million for the quarter, compared to analyst estimates of $205.83 million. During the same quarter in the prior year, the company earned $0.15 EPS. LegalZoom.com’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that LegalZoom.com, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $6.45, for a total transaction of $96,750.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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. Also, insider Nicole Miller sold 19,199 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $6.58, for a total transaction of $126,329.42. Following the sale, the insider owned 1,119,222 shares in the company, valued at approximately $7,364,480.76. This trade represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Corporate insiders own 7.40% of the company’s stock.

Trending Headlines about LegalZoom.com

Here are the key news stories impacting LegalZoom.com this week:

• Positive Sentiment: LegalZoom reported second-quarter adjusted earnings of $0.16 per share, topping the $0.15 consensus estimate and matching the prior-year result. Revenue rose 6.6% year over year to $205.3 million, broadly in line with expectations. LegalZoom Surpasses Q2 Earnings Estimates
• Positive Sentiment: Subscription revenue increased 11% to $133.4 million, marking the fifth consecutive quarter of double-digit growth. The company attributed the performance to human-in-the-loop offerings and pricing initiatives. LegalZoom Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Profitability and shareholder returns were also supportive: adjusted EBITDA was $45.9 million, ahead of the high end of guidance, while LegalZoom generated $33.7 million in free cash flow and repurchased $45.5 million of stock. It ended the quarter with $167.2 million in cash and no debt.
• Neutral Sentiment: LegalZoom is expanding its distribution through Microsoft 365 Copilot, potentially improving access to its legal-services offerings, although the immediate financial contribution was not disclosed. LegalZoom Brings Legal Services to Microsoft 365 Copilot
• Negative Sentiment: Full-year 2026 revenue guidance was reduced to $795 million-$805 million, well below the approximately $822 million analyst consensus. Third-quarter revenue guidance of $192 million-$196 million also trails the $204.4 million consensus, signaling weaker near-term demand and overshadowing the quarterly earnings beat. LegalZoom Updates 2026 Guidance

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.