Polymer Capital Management US LLC Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Polymer Capital Management US LLC acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,780 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP grew 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 during the period. Summit Trail Advisors LLC grew its stake in shares of LegalZoom.com by 6.8% in the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after acquiring an additional 4,697 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of LegalZoom.com by 9.6% during the fourth quarter. Russell Investments Group Ltd. now owns 109,109 shares of the company’s stock valued at $819,000 after acquiring an additional 9,598 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of LegalZoom.com in the 4th quarter worth about $76,000. Finally, Olympiad Research LP bought a new position in LegalZoom.com in the 4th quarter worth about $78,000. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LZ shares. Morgan Stanley increased their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.19.

LegalZoom.com Trading Down 2.4 %

LZ opened at $7.31 on Wednesday. The firm’s 50 day simple moving average is $9.10 and its two-hundred day simple moving average is $8.13. The company has a market capitalization of $1.29 billion, a PE ratio of 56.24, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $13.36.

LegalZoom.com Company 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.