Olympiad Research LP Invests $78,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

Olympiad Research LP acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,439 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning purchased a new position in shares of LegalZoom.com during the 3rd quarter worth $72,000. Nisa Investment Advisors LLC raised its holdings in LegalZoom.com by 179.8% in the 3rd 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. Robeco Institutional Asset Management B.V. lifted its position 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. Mainstream Capital Management LLC bought a new stake in LegalZoom.com during the third quarter valued at about $1,429,000. Finally, Victory Capital Management Inc. increased its position in LegalZoom.com by 97.2% in the third quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock worth $824,000 after buying an additional 63,980 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LZ shares. Morgan Stanley boosted 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. UBS Group started coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. Barclays raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Citigroup upped their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.06.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $8.91 on Tuesday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 68.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The stock has a 50 day moving average price of $8.40 and a 200-day moving average price of $7.53. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74.

LegalZoom.com 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.