LegalZoom.com (NASDAQ:LZ) Given New $11.00 Price Target at JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ) had its price objective increased by JPMorgan Chase & Co. from $9.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on LZ. Barclays increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group started coverage on LegalZoom.com in a report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Friday, January 31st. Citigroup increased their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley increased their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.06.

LegalZoom.com Trading Up 0.9 %

NASDAQ:LZ opened at $9.30 on Tuesday. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74. The business’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $7.35. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 71.54, a PEG ratio of 1.76 and a beta of 1.13.

Institutional Trading of LegalZoom.com

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after purchasing an additional 2,574,700 shares during the last quarter. Franklin Resources Inc. lifted its holdings in LegalZoom.com by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company’s stock worth $20,310,000 after purchasing an additional 132,189 shares during the last quarter. Tabor Asset Management LP lifted its holdings in LegalZoom.com by 44.9% during the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock worth $9,669,000 after purchasing an additional 472,002 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LegalZoom.com by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock worth $9,258,000 after purchasing an additional 34,914 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in LegalZoom.com by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock valued at $3,605,000 after acquiring an additional 71,291 shares in 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.