Edgestream Partners L.P. Has $101,000 Holdings in LegalZoom.com, Inc. $LZ

Edgestream Partners L.P. cut its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 91.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,736 shares of the company’s stock after selling 189,456 shares during the period. Edgestream Partners L.P.’s holdings in LegalZoom.com were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of LegalZoom.com during the fourth quarter valued at about $185,000. Amundi bought a new position in LegalZoom.com during the first quarter valued at about $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LegalZoom.com by 3.0% during 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. raised its holdings in LegalZoom.com by 9.5% in the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in LegalZoom.com by 1.7% in the 1st 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 in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about LegalZoom.com

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

• Positive Sentiment: LegalZoom reported second-quarter revenue of $205.3 million, up 7% year over year, while subscription revenue rose 11% to $133.4 million. Adjusted EBITDA of $45.9 million exceeded the high end of company guidance, and the company repurchased $45.5 million of stock during the quarter. LegalZoom Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Quarterly earnings were $0.16 per share, exceeding the $0.15 analyst consensus and matching the company’s improving profitability trend. Net income reached $5.2 million, and LegalZoom ended the quarter with $167.2 million in cash, no debt, and $33.7 million in free cash flow. LegalZoom Surpasses Q2 Earnings Estimates
• Neutral Sentiment: Management said it is diversifying customer-acquisition channels because of an industry-wide shift in discovery away from traditional search, including changes associated with Google’s AI-powered search. This strategy could support longer-term growth but may create near-term uncertainty. LegalZoom Outlines 2026 Revenue Outlook
• Negative Sentiment: LegalZoom reduced its full-year 2026 revenue outlook to $795 million-$805 million, below the roughly $822 million consensus estimate. Third-quarter revenue guidance of $192 million-$196 million also trails the $204.4 million consensus, signaling a potentially slower growth rate ahead. LegalZoom 2026 Guidance
• Negative Sentiment: William Blair downgraded LZ from “outperform” to “market perform,” while JPMorgan reaffirmed its “neutral” rating and lowered its price target from $8 to $7. The analyst actions reinforce investor concerns about near-term growth and customer-acquisition risks. William Blair Downgrades LegalZoom

LegalZoom.com Price Performance

Shares of LZ stock opened at $5.66 on Friday. The stock’s fifty day simple moving average is $6.75 and its 200 day simple moving average is $6.73. LegalZoom.com, Inc. has a one year low of $5.22 and a one year high of $12.40. The firm has a market cap of $971.54 million, a price-to-earnings ratio of 62.89, a P/E/G ratio of 1.35 and a beta of 1.28.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data 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 14.78% and a net margin of 2.13%.The firm had revenue of $205.29 million during the quarter, compared to analyst estimates of $205.83 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that LegalZoom.com, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at LegalZoom.com

In other news, CEO Jeffrey M. Stibel acquired 125,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $6.15 per share, with a total value of $768,750.00. Following the completion of the purchase, the chief executive officer owned 2,955,609 shares of the company’s stock, valued at $18,176,995.35. This represents a 4.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Miller sold 19,199 shares of the firm’s 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 directly owned 1,119,222 shares of the company’s stock, valued at approximately $7,364,480.76. The trade was a 1.69% 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. Company insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $7.00 price objective (down from $8.00) on shares of LegalZoom.com in a report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of LegalZoom.com in a research note on Thursday, July 2nd. William Blair cut LegalZoom.com from an “outperform” rating to a “market perform” rating in a research report on Thursday. Wall Street Zen upgraded shares of LegalZoom.com from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Finally, Citigroup lowered their price target on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $8.08.

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.