Quarry LP Raises Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Quarry LP raised its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 83.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,206 shares of the company’s stock after buying an additional 3,732 shares during the period. Quarry LP’s holdings in LegalZoom.com were worth $52,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its stake in shares of LegalZoom.com by 15.8% during the second quarter. Westwood Holdings Group Inc. now owns 5,581,315 shares of the company’s stock valued at $46,827,000 after buying an additional 762,612 shares during the period. Renaissance Technologies LLC increased its position in LegalZoom.com by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company’s stock valued at $20,698,000 after purchasing an additional 521,200 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in shares of LegalZoom.com in the 3rd quarter worth about $3,112,000. Dimensional Fund Advisors LP boosted its stake in shares of LegalZoom.com by 25.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company’s stock valued at $10,806,000 after purchasing an additional 262,335 shares in the last quarter. Finally, Mainstream Capital Management LLC bought a new stake in shares of LegalZoom.com during the 3rd quarter valued at about $1,429,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock opened at $8.11 on Wednesday. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The firm’s 50-day moving average is $7.46 and its 200 day moving average is $7.20. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 62.38, a PEG ratio of 1.84 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $168.60 million for 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 business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on LZ. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price objective on shares of LegalZoom.com in a report on Friday, November 8th. Citigroup lifted their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. UBS Group initiated coverage on LegalZoom.com in a report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Finally, William Blair started coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and a consensus target price of $8.79.

LegalZoom.com 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.