1 week Ago By Defense World Staff
Legal & General Group Plc trimmed its stake in shares of LegalZoom.com, Inc. ( NASDAQ:LZ – Free Report ) by 17.
4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,796 shares of the company’s stock after selling 27,164 shares during the quarter. Legal & General Group Plc owned 0.
07% of LegalZoom.com worth $967,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently modified their holdings of the stock.
Aigen Investment Management LP acquired a new position in LegalZoom.com in the fourth quarter valued at about $76,000. Olympiad Research LP bought a new stake in LegalZoom.
com during the 4th quarter worth approximately $78,000. Sei Investments Co. acquired a new stake in LegalZoom.
com during the 4th quarter valued at $83,000. Cibc World Markets Corp bought a new position in LegalZoom.com in the 4th quarter valued at $90,000.
Finally, Lexington Partners L.P. acquired a new position in LegalZoom.
com in the fourth quarter worth $103,000. 81.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on LZ shares. JPMorgan Chase & Co. raised their target price on LegalZoom.
com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th.
William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.
com in a research note on Friday, April 11th. Morgan Stanley dropped their price objective on shares of LegalZoom.com from $10.
00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Finally, Barclays increased their price objective on LegalZoom.
com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th.
Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.06.
LegalZoom.com Stock Up 1.1 % LZ stock opened at $7.
11 on Monday. LegalZoom.com, Inc.
has a twelve month low of $5.33 and a twelve month high of $12.55.
The business’s fifty day moving average is $8.53 and its 200-day moving average is $8.19.
The company has a market cap of $1.25 billion, a P/E ratio of 54.70, a price-to-earnings-growth ratio of 1.
73 and a beta of 1.13. About LegalZoom.
com ( Free Report ) 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.
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