Quest Partners LLC Takes $378,000 Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Quest Partners LLC acquired a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,412 shares of the company’s stock, valued at approximately $378,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in LegalZoom.com by 21.0% during the third quarter. Vanguard Group Inc. now owns 12,999,938 shares of the company’s stock worth $142,219,000 after buying an additional 2,257,224 shares during the last quarter. Blair William & Co. IL boosted its holdings in LegalZoom.com by 166.0% in the 3rd quarter. Blair William & Co. IL now owns 3,476,226 shares of the company’s stock valued at $38,030,000 after purchasing an additional 2,169,132 shares during the period. Hawk Ridge Capital Management LP increased its holdings in shares of LegalZoom.com by 47.5% during the third quarter. Hawk Ridge Capital Management LP now owns 5,598,836 shares of the company’s stock worth $61,251,000 after purchasing an additional 1,802,959 shares during the period. Boston Partners raised its holdings in LegalZoom.com by 83.0% in the 3rd quarter. Boston Partners now owns 3,315,845 shares of the company’s stock valued at $35,877,000 after acquiring an additional 1,504,152 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in LegalZoom.com by 3,195.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 943,856 shares of the company’s stock worth $10,666,000 after buying an additional 915,214 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Activity

In related news, Director John Francis Murphy sold 10,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the sale, the director now owns 40,507 shares of the company’s stock, valued at approximately $505,122.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Richard Preece sold 9,462 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the transaction, the chief operating officer now owns 498,519 shares of the company’s stock, valued at approximately $6,565,495.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Francis Murphy sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the transaction, the director now owns 40,507 shares in the company, valued at $505,122.29. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

LegalZoom.com Stock Up 1.2 %

Shares of NASDAQ LZ traded up $0.10 during midday trading on Friday, reaching $8.59. 1,708,287 shares of the company’s stock traded hands, compared to its average volume of 2,632,855. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 78.10, a P/E/G ratio of 2.97 and a beta of 1.24. The stock’s 50 day simple moving average is $11.75 and its 200-day simple moving average is $11.41. LegalZoom.com, Inc. has a one year low of $8.37 and a one year high of $15.68.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. LegalZoom.com had a return on equity of 19.47% and a net margin of 3.15%. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. Equities analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LZ shares. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price target on shares of LegalZoom.com in a research report on Friday, May 17th. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Barclays lowered their price objective on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Raymond James initiated coverage on shares of LegalZoom.com in a report on Wednesday, March 27th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.75.

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.