Shares of LegalZoom.com, Inc. (NASDAQ:LZ – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.25.
LZ has been the topic of several research analyst reports. Barclays cut their price target on LegalZoom.com from $32.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. Morgan Stanley upped their price target on shares of LegalZoom.com from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 23rd. Credit Suisse Group lowered their price objective on shares of LegalZoom.com from $40.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. JMP Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of LegalZoom.com in a report on Thursday, March 24th. Finally, Citigroup raised LegalZoom.com from a “neutral” rating to a “buy” rating and raised their price target for the stock from $19.00 to $20.00 in a report on Wednesday, April 20th.
NASDAQ LZ opened at $11.74 on Thursday. LegalZoom.com has a 52 week low of $10.16 and a 52 week high of $40.94. The firm has a 50 day moving average of $13.26 and a two-hundred day moving average of $14.53. The stock has a market capitalization of $2.33 billion and a PE ratio of -15.25.
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of LegalZoom.com during the 1st quarter worth approximately $418,000. Royal Bank of Canada grew its holdings in LegalZoom.com by 49.9% during the 1st quarter. Royal Bank of Canada now owns 5,099 shares of the company’s stock valued at $72,000 after buying an additional 1,697 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in LegalZoom.com by 141.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 28,547 shares of the company’s stock worth $404,000 after buying an additional 16,747 shares in the last quarter. California State Teachers Retirement System increased its position in LegalZoom.com by 299.8% during the first quarter. California State Teachers Retirement System now owns 41,183 shares of the company’s stock worth $582,000 after buying an additional 30,882 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of LegalZoom.com by 233.8% in the first quarter. State Street Corp now owns 787,251 shares of the company’s stock worth $11,132,000 after acquiring an additional 551,376 shares during the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds.
About LegalZoom.com (Get Rating)
LegalZoom.com, Inc operates an online platform for legal and compliance solutions in the United States. The company's platform offers products and services, including business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation and bookkeeping services.
- Get a free copy of the StockNews.com research report on LegalZoom.com (LZ)
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