LegalZoom.com (NASDAQ:LZ) Earns “Market Perform” Rating from William Blair

William Blair reiterated their market perform rating on shares of LegalZoom.com (NASDAQ:LZ) in a report issued on Thursday,RTT News reports.

Other equities analysts have also issued reports about the company. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. UBS Group began coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup lifted 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. Finally, Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, LegalZoom.com has a consensus rating of “Hold” and an average target price of $9.19.

LegalZoom.com Price Performance

LZ opened at $10.16 on Thursday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 78.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The business has a 50-day moving average of $8.53 and a two-hundred day moving average of $7.62. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74.

Hedge Funds Weigh In On LegalZoom.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in LegalZoom.com during the 4th quarter worth approximately $271,000. Mackenzie Financial Corp increased its holdings in LegalZoom.com by 164.0% during the 4th quarter. Mackenzie Financial Corp now owns 84,086 shares of the company’s stock worth $631,000 after purchasing an additional 52,236 shares during the last quarter. PharVision Advisers LLC purchased a new stake in LegalZoom.com during the 4th quarter worth approximately $567,000. Two Sigma Advisers LP increased its holdings in LegalZoom.com by 49.3% during the 4th quarter. Two Sigma Advisers LP now owns 430,000 shares of the company’s stock worth $3,229,000 after purchasing an additional 141,900 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in LegalZoom.com by 22.5% during the 4th quarter. Two Sigma Investments LP now owns 303,241 shares of the company’s stock worth $2,277,000 after purchasing an additional 55,652 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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.