Versor Investments LP Invests $109,000 in LegalZoom.com, Inc. $LZ

Versor Investments LP acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) during the second quarter, according to its most recent filing with the SEC. The firm acquired 12,244 shares of the company’s stock, valued at approximately $109,000.

A number of other large investors also recently bought and sold shares of LZ. Harbor Capital Advisors Inc. boosted its holdings in shares of LegalZoom.com by 92.2% in the second quarter. Harbor Capital Advisors Inc. now owns 928,183 shares of the company’s stock valued at $8,270,000 after acquiring an additional 445,343 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in LegalZoom.com by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 46,857 shares of the company’s stock valued at $403,000 after purchasing an additional 16,430 shares during the period. Mackenzie Financial Corp boosted its holdings in LegalZoom.com by 104.9% in the 1st quarter. Mackenzie Financial Corp now owns 172,304 shares of the company’s stock valued at $1,484,000 after purchasing an additional 88,218 shares in the last quarter. Nuveen LLC purchased a new stake in LegalZoom.com in the 1st quarter valued at approximately $18,585,000. Finally, Resolute Capital Asset Partners LLC acquired a new position in LegalZoom.com during the 1st quarter worth approximately $689,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Down 7.6%

NASDAQ:LZ opened at $10.10 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of 84.17, a price-to-earnings-growth ratio of 3.35 and a beta of 1.23. LegalZoom.com, Inc. has a 52-week low of $6.47 and a 52-week high of $12.40. The stock has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $9.54.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data 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 company posted $0.17 earnings per share. LegalZoom.com’s revenue was up 12.8% on a year-over-year basis. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays raised their price target on LegalZoom.com from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup raised their target price on LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Bank of America upgraded shares of LegalZoom.com from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $12.00 in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LegalZoom.com in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.17.

Insider Activity

In related news, CFO Noel Bertram Watson sold 27,319 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the sale, the chief financial officer owned 1,676,426 shares of the company’s stock, valued at approximately $18,558,035.82. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Francis Murphy sold 24,250 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total value of $256,322.50. Following the sale, the director owned 69,953 shares in the company, valued at approximately $739,403.21. This trade represents a 25.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,859 shares of company stock worth $1,193,100 over the last ninety days. 5.90% of the stock is currently owned by insiders.

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.