LegalZoom.com, Inc. $LZ Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 38.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 56,070 shares of the company’s stock after selling 35,255 shares during the period. Intech Investment Management LLC’s holdings in LegalZoom.com were worth $500,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in LegalZoom.com by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock worth $646,000 after acquiring an additional 2,161 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of LegalZoom.com by 4.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 73,000 shares of the company’s stock worth $650,000 after purchasing an additional 2,924 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of LegalZoom.com during the first quarter worth $29,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of LegalZoom.com by 1.7% during the first 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. Finally, EP Wealth Advisors LLC increased its holdings in LegalZoom.com by 25.8% in the first quarter. EP Wealth Advisors LLC now owns 40,213 shares of the company’s stock valued at $346,000 after buying an additional 8,241 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on LZ shares. JPMorgan Chase & Co. lifted their price target on LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. William Blair upgraded LegalZoom.com from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday. Barclays raised their price objective on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Finally, Morgan Stanley upped their target price on shares of LegalZoom.com from $8.50 to $9.00 and gave the company an “underweight” rating in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com presently has a consensus rating of “Hold” and an average price target of $11.08.

LegalZoom.com Trading Up 0.2%

Shares of NASDAQ LZ opened at $9.33 on Friday. The stock has a market cap of $1.65 billion, a P/E ratio of 77.71, a P/E/G ratio of 3.45 and a beta of 1.23. LegalZoom.com, Inc. has a twelve month low of $6.47 and a twelve month high of $12.40. The stock has a 50 day moving average of $10.05 and a two-hundred day moving average of $9.75.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. The business had revenue of $190.16 million during the quarter, compared to analyst estimates of $183.27 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Insider Transactions at LegalZoom.com

In related news, insider Nicole Miller sold 23,506 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total value of $226,362.78. Following the transaction, the insider owned 868,627 shares in the company, valued at $8,364,878.01. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total value of $143,400.00. Following the sale, the chief financial officer directly owned 1,551,582 shares of the company’s stock, valued at approximately $14,833,123.92. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.90% of the stock is currently owned by corporate insiders.

LegalZoom.com Profile

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.