LegalZoom.com (NASDAQ:LZ) Given “Underweight” Rating at JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $8.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 8.78% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. William Blair started coverage on LegalZoom.com in a report on Monday, September 16th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group raised 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.79.

LegalZoom.com Trading Down 4.9 %

Shares of LZ stock opened at $8.77 on Friday. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The company’s fifty day moving average price is $6.80 and its 200-day moving average price is $7.66. The stock has a market cap of $1.54 billion, a PE ratio of 70.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06.

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, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $177.36 million during the quarter, compared to analyst estimates of $172.92 million. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. LegalZoom.com’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. On average, sell-side analysts forecast that LegalZoom.com will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LegalZoom.com

Several hedge funds and other institutional investors have recently modified their holdings of LZ. Victory Capital Management Inc. lifted its position in shares of LegalZoom.com by 97.2% during the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock valued at $824,000 after buying an additional 63,980 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in LegalZoom.com during the 3rd quarter worth approximately $1,429,000. Robeco Institutional Asset Management B.V. lifted its holdings in LegalZoom.com by 72.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 22,278 shares of the company’s stock valued at $141,000 after purchasing an additional 9,330 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after purchasing an additional 3,919 shares during the period. Finally, nVerses Capital LLC increased its stake in shares of LegalZoom.com by 16.2% in the third quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock worth $100,000 after purchasing an additional 2,200 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.