LegalZoom.com (NASDAQ:LZ) PT Lowered to $8.00 at JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ) had its price target decreased by JPMorgan Chase & Co. from $9.00 to $8.00 in a research report report published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

LZ has been the topic of a number of other research reports. Barclays lowered shares of LegalZoom.com from an overweight rating to an equal weight rating in a research note on Wednesday, July 10th. JMP Securities lowered shares of LegalZoom.com from an outperform rating to a market perform rating in a research note on Wednesday, July 10th. Citigroup lowered shares of LegalZoom.com from a buy rating to a neutral rating and cut their price target for the company from $15.00 to $8.00 in a research note on Wednesday, July 10th. Bank of America lowered shares of LegalZoom.com from a buy rating to an underperform rating and cut their price target for the company from $13.00 to $6.00 in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group raised shares of LegalZoom.com from a hold rating to a buy rating and set a $8.00 price objective on the stock in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $9.79.

LegalZoom.com Price Performance

LegalZoom.com stock opened at $6.42 on Thursday. The company’s 50 day simple moving average is $6.57 and its 200 day simple moving average is $9.44. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 58.36, a PEG ratio of 2.14 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The business had revenue of $177.36 million for the quarter, compared to analyst estimates of $172.92 million. During the same quarter last year, the firm earned $0.02 EPS. LegalZoom.com’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that LegalZoom.com will post 0.23 EPS for the current fiscal year.

Institutional Trading of LegalZoom.com

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in LegalZoom.com by 236.7% during the fourth quarter. Russell Investments Group Ltd. now owns 159,436 shares of the company’s stock worth $1,802,000 after buying an additional 112,087 shares during the last quarter. Victory Capital Management Inc. acquired a new position in LegalZoom.com during the fourth quarter worth $191,000. Swiss National Bank increased its holdings in LegalZoom.com by 24.0% during the fourth quarter. Swiss National Bank now owns 208,500 shares of the company’s stock worth $2,356,000 after buying an additional 40,400 shares during the last quarter. Amalgamated Bank increased its holdings in LegalZoom.com by 9.6% during the fourth quarter. Amalgamated Bank now owns 17,055 shares of the company’s stock worth $193,000 after buying an additional 1,495 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in LegalZoom.com by 58.3% during the fourth quarter. M&T Bank Corp now owns 186,426 shares of the company’s stock worth $2,107,000 after buying an additional 68,633 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

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.