LegalZoom.com, Inc. $LZ Shares Sold by Hillman Co.

Hillman Co. trimmed its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 917,319 shares of the company’s stock after selling 289,875 shares during the quarter. LegalZoom.com accounts for about 3.2% of Hillman Co.’s investment portfolio, making the stock its 11th biggest position. Hillman Co. owned approximately 0.52% of LegalZoom.com worth $9,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LZ. Exchange Traded Concepts LLC acquired a new stake in LegalZoom.com during the 3rd quarter valued at approximately $34,000. Parkside Financial Bank & Trust acquired a new position in shares of LegalZoom.com in the 3rd quarter valued at approximately $40,000. Clearstead Advisors LLC boosted its stake in shares of LegalZoom.com by 58.5% during the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock valued at $41,000 after buying an additional 1,441 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock valued at $41,000 after buying an additional 3,766 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of LegalZoom.com by 976.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $41,000 after buying an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 15,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $6.96, for a total transaction of $104,400.00. Following the sale, the chief financial officer owned 1,480,860 shares in the company, valued at $10,306,785.60. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Miller sold 23,325 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $6.63, for a total transaction of $154,644.75. Following the completion of the transaction, the insider directly owned 813,033 shares in the company, valued at $5,390,408.79. This represents a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LZ shares. Barclays reaffirmed an “underweight” rating and issued a $6.00 price target (down from $9.00) on shares of LegalZoom.com in a report on Wednesday, March 4th. JPMorgan Chase & Co. decreased their price objective on shares of LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Zacks Research raised shares of LegalZoom.com from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. UBS Group cut their target price on shares of LegalZoom.com from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LegalZoom.com in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, LegalZoom.com presently has an average rating of “Hold” and an average price target of $9.42.

LegalZoom.com Price Performance

Shares of LZ opened at $5.70 on Thursday. The business’s fifty day moving average price is $6.99 and its 200 day moving average price is $8.93. LegalZoom.com, Inc. has a 12-month low of $5.44 and a 12-month high of $12.40. The stock has a market capitalization of $985.64 million, a PE ratio of 71.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Thursday, February 19th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $190.27 million for the quarter, compared to the consensus estimate of $184.85 million. LegalZoom.com had a net margin of 2.04% and a return on equity of 6.35%. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

LegalZoom.com declared that its board has initiated a share buyback plan on Thursday, February 19th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.