LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) has been assigned an average rating of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.67.
A number of research analysts recently commented on LZ shares. Barclays raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $8.00 price objective on shares of LegalZoom.com in a research note on Friday, November 8th. William Blair began coverage on LegalZoom.com in a research note on Monday, September 16th. They set a “market perform” rating for the company. Jefferies Financial Group upgraded shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th.
Hedge Funds Weigh In On LegalZoom.com
LegalZoom.com Stock Performance
Shares of LZ stock opened at $7.73 on Friday. The firm has a market capitalization of $1.34 billion, a PE ratio of 59.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. LegalZoom.com has a 1 year low of $5.33 and a 1 year high of $13.74. The stock has a fifty day moving average of $6.99 and a two-hundred day moving average of $7.46.
LegalZoom.com (NASDAQ:LZ – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $168.60 million during the quarter, compared to the consensus estimate of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities research analysts predict that LegalZoom.com will post 0.25 earnings per share for the current fiscal year.
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.
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