Brokerages Set LegalZoom.com, Inc. (NASDAQ:LZ) PT at $9.19

LegalZoom.com, Inc. (NASDAQ:LZ) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.19.

Several research analysts recently issued reports on LZ shares. JPMorgan Chase & Co. increased their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Friday. Morgan Stanley raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Barclays upped their price target 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. Finally, William Blair reissued a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock opened at $7.13 on Wednesday. The company’s fifty day moving average price is $8.98 and its two-hundred day moving average price is $8.16. The firm has a market capitalization of $1.26 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $12.76.

Institutional Trading of LegalZoom.com

Several large investors have recently made changes to their positions in LZ. Barclays PLC increased its holdings in shares of LegalZoom.com by 308.5% in the third quarter. Barclays PLC now owns 224,782 shares of the company’s stock valued at $1,427,000 after purchasing an additional 169,761 shares in the last quarter. Pathway Capital Management LP acquired a new stake in shares of LegalZoom.com in the 4th quarter valued at $2,387,000. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after acquiring an additional 71,291 shares during the last quarter. Oak Harvest Investment Services acquired a new position in shares of LegalZoom.com during the fourth quarter valued at $751,000. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of LegalZoom.com by 11.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock valued at $4,096,000 after acquiring an additional 55,336 shares during the period. Institutional investors own 81.99% of the company’s stock.

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.