LegalZoom.com (NASDAQ:LZ) Price Target Raised to $11.00

LegalZoom.com (NASDAQ:LZ) had its price target increased by JPMorgan Chase & Co. from $9.00 to $11.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the company. Citigroup boosted their price objective on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. UBS Group started coverage on LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company. Barclays boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.06.

LegalZoom.com Trading Down 1.6 %

Shares of NASDAQ:LZ opened at $9.08 on Tuesday. The stock has a 50 day moving average of $8.28 and a 200 day moving average of $7.38. The company has a market cap of $1.57 billion, a PE ratio of 69.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. LegalZoom.com has a 12-month low of $5.33 and a 12-month high of $13.74.

Institutional Trading of LegalZoom.com

Several hedge funds have recently modified their holdings of LZ. Nisa Investment Advisors LLC raised its holdings in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after acquiring an additional 3,919 shares in the last quarter. Quarry LP raised its holdings in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $64,000. Creative Planning purchased a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $72,000. Finally, Aigen Investment Management LP purchased a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $76,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.