William Blair Reiterates Market Perform Rating for LegalZoom.com (NASDAQ:LZ)

LegalZoom.com (NASDAQ:LZ)‘s stock had its “market perform” rating reaffirmed by stock analysts at William Blair in a research note issued on Thursday,RTT News reports.

LZ has been the subject of a number of other reports. JPMorgan Chase & Co. raised their target price on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. UBS Group initiated 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. Morgan Stanley upped their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Citigroup lifted their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Barclays upped their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.19.

LegalZoom.com Stock Up 1.4 %

LegalZoom.com stock opened at $10.16 on Thursday. The firm has a 50 day moving average price of $8.53 and a 200-day moving average price of $7.61. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74. The company has a market capitalization of $1.76 billion, a P/E ratio of 78.16, a P/E/G ratio of 1.73 and a beta of 1.13.

Institutional Investors Weigh In On LegalZoom.com

A number of institutional investors and hedge funds have recently made changes to their positions in LZ. Nisa Investment Advisors LLC lifted its position in LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Quarry LP lifted its holdings in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares during the last quarter. State of Wyoming grew its position in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after acquiring an additional 2,475 shares in the last quarter. Wexford Capital LP bought a new position in LegalZoom.com in the third quarter valued at $64,000. Finally, Creative Planning bought a new position in LegalZoom.com in the third quarter valued at $72,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.