Hawk Ridge Capital Management LP Has $4.17 Million Position in LegalZoom.com, Inc. $LZ

Hawk Ridge Capital Management LP increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 48.7% during the first quarter, Holdings Channel.com reports. The fund owned 735,929 shares of the company’s stock after purchasing an additional 241,100 shares during the quarter. Hawk Ridge Capital Management LP’s holdings in LegalZoom.com were worth $4,173,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LZ. Brighton Jones LLC bought a new position in LegalZoom.com in the fourth quarter valued at about $185,000. Amundi bought a new position in shares of LegalZoom.com in the first quarter valued at approximately $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $646,000 after buying an additional 2,161 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in LegalZoom.com by 9.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,313,429 shares of the company’s stock valued at $11,309,000 after purchasing an additional 113,769 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in LegalZoom.com by 1.7% during 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 worth $2,376,000 after purchasing an additional 4,607 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

LZ has been the topic of several research reports. Citigroup lowered their price objective on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. UBS Group reduced their price objective on shares of LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of LegalZoom.com in a report on Thursday, July 2nd. Wall Street Zen raised LegalZoom.com from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of LegalZoom.com from $11.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com has an average rating of “Hold” and a consensus target price of $8.25.

LegalZoom.com Price Performance

LZ opened at $7.56 on Tuesday. The business’s 50-day moving average is $6.51 and its two-hundred day moving average is $6.84. LegalZoom.com, Inc. has a 1 year low of $5.22 and a 1 year high of $12.40. The firm has a market capitalization of $1.30 billion, a PE ratio of 126.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.31.

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

Insider Activity at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 2,041,847 shares of the company’s stock, valued at approximately $13,169,913.15. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, insider Nicole Miller sold 19,199 shares of the stock in a transaction 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 in the company, valued at $7,364,480.76. This trade represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. 7.40% of the stock is owned by company insiders.

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.