LegalZoom.com, Inc. $LZ Shares Purchased by UBS Group AG

UBS Group AG lifted its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 87.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 613,537 shares of the company’s stock after acquiring an additional 287,063 shares during the quarter. UBS Group AG’s holdings in LegalZoom.com were worth $6,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in LegalZoom.com by 60.4% during the third quarter. JPMorgan Chase & Co. now owns 2,170,327 shares of the company’s stock valued at $22,528,000 after buying an additional 817,462 shares during the period. Invenomic Capital Management LP lifted its position in shares of LegalZoom.com by 43.9% in the third quarter. Invenomic Capital Management LP now owns 1,281,765 shares of the company’s stock valued at $13,305,000 after acquiring an additional 390,742 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in LegalZoom.com during the 3rd quarter worth $18,106,000. SG Americas Securities LLC acquired a new position in LegalZoom.com during the fourth quarter worth about $5,304,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of LegalZoom.com by 120.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 166,156 shares of the company’s stock valued at $1,650,000 after purchasing an additional 90,762 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Stock Up 0.9%

Shares of NASDAQ:LZ opened at $6.43 on Thursday. LegalZoom.com, Inc. has a 52 week low of $5.28 and a 52 week high of $12.40. The company has a market cap of $1.10 billion, a P/E ratio of 107.18, a PEG ratio of 1.12 and a beta of 1.33. The company has a 50-day moving average price of $6.14 and a 200 day moving average price of $7.96.

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

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

Analysts Set New Price Targets

LZ has been the subject of a number of analyst reports. Weiss Ratings lowered shares of LegalZoom.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. JPMorgan Chase & Co. cut their price objective on LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. 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 report on Thursday, May 7th. Zacks Research upgraded LegalZoom.com from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Barclays reiterated an “underweight” rating and set a $6.00 target price (down from $9.00) on shares of LegalZoom.com in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus price target of $9.25.

Insider Activity at LegalZoom.com

In other news, CEO Jeffrey M. Stibel acquired 125,000 shares of LegalZoom.com stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $6.15 per share, with a total value of $768,750.00. Following the completion of the acquisition, the chief executive officer owned 2,955,609 shares in the company, valued at $18,176,995.35. This trade represents a 4.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock in a transaction on 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 trade represents a 0.73% decrease in their position. 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. Insiders sold 57,524 shares of company stock valued at $377,724 in the last ninety days. Corporate insiders own 5.90% of the company’s stock.

LegalZoom.com 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.