LegalZoom.com (NASDAQ:LZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LegalZoom.com (NASDAQ:LZ) from a buy rating to a strong-buy rating in a report published on Friday.

LZ has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of LegalZoom.com in a report on Saturday, September 27th. Barclays boosted their price target on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Bank of America raised shares of LegalZoom.com from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. Finally, Citigroup increased their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, LegalZoom.com has a consensus rating of “Hold” and a consensus price target of $10.83.

LegalZoom.com Stock Performance

LZ stock opened at $10.24 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 3.14 and a beta of 1.23. LegalZoom.com has a 12 month low of $6.33 and a 12 month high of $11.93. The firm has a 50-day moving average of $10.37 and a two-hundred day moving average of $9.18.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The business had revenue of $192.51 million for the quarter, compared to analysts’ expectations of $182.49 million. During the same period in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that LegalZoom.com will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In other LegalZoom.com news, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the sale, the insider directly owned 960,032 shares in the company, valued at $10,387,546.24. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Francis Murphy sold 24,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the completion of the transaction, the director owned 69,953 shares in the company, valued at approximately $739,403.21. This represents a 25.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,859 shares of company stock valued at $1,193,100 over the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On LegalZoom.com

Several institutional investors and hedge funds have recently modified their holdings of LZ. Wealth Enhancement Advisory Services LLC purchased a new position in LegalZoom.com during the 1st quarter valued at about $281,000. Allspring Global Investments Holdings LLC lifted its position in shares of LegalZoom.com by 54.0% during the first 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 in the last quarter. Mackenzie Financial Corp lifted its position in shares of LegalZoom.com by 104.9% during the first quarter. Mackenzie Financial Corp now owns 172,304 shares of the company’s stock worth $1,484,000 after purchasing an additional 88,218 shares in the last quarter. Nuveen LLC purchased a new position in shares of LegalZoom.com in the first quarter valued at approximately $18,585,000. Finally, North Star Investment Management Corp. acquired a new position in shares of LegalZoom.com in the first quarter valued at approximately $301,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.