Barclays Increases LegalZoom.com (NASDAQ:LZ) Price Target to $12.00

LegalZoom.com (NASDAQ:LZ) had its price objective hoisted by equities research analysts at Barclays from $10.00 to $12.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 18.81% from the company’s current price.

A number of other brokerages have also commented on LZ. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LegalZoom.com in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Wall Street Zen cut LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and increased their price target for the stock from $8.00 to $12.00 in a research report on Friday, August 8th. Finally, William Blair upgraded LegalZoom.com from a “market perform” rating to an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and an average price target of $11.17.

LegalZoom.com Stock Down 7.6%

LZ opened at $10.10 on Thursday. The business has a fifty day moving average of $10.37 and a 200 day moving average of $9.54. The stock has a market cap of $1.82 billion, a P/E ratio of 84.17, a PEG ratio of 3.35 and a beta of 1.23. LegalZoom.com has a 52-week low of $6.47 and a 52-week high of $12.40.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $190.16 million for the quarter, compared to the consensus estimate of $183.27 million. LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Insider Activity at LegalZoom.com

In other LegalZoom.com news, Director John Francis Murphy sold 24,250 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total transaction of $256,322.50. Following the completion of the sale, the director directly owned 69,953 shares of the company’s stock, valued at approximately $739,403.21. This represents a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33. Following the completion of the transaction, the chief financial officer directly owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. The trade was a 1.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,859 shares of company stock valued at $1,193,100 over the last quarter. 5.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LegalZoom.com

Several institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of LegalZoom.com during the 1st quarter valued at $29,000. Exchange Traded Concepts LLC acquired a new position in LegalZoom.com during the 3rd quarter valued at about $34,000. Parkside Financial Bank & Trust purchased a new stake in LegalZoom.com in the third quarter valued at about $40,000. Osaic Holdings Inc. boosted its holdings in LegalZoom.com by 477.3% in the second quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after acquiring an additional 3,766 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 4,140 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.