Shares of LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) have earned a consensus rating of “Reduce” from the eight brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.93.
Several brokerages have recently weighed in on LZ. JMP Securities cut shares of LegalZoom.com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. cut shares of LegalZoom.com from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $9.00 in a research report on Wednesday, July 10th. Bank of America cut shares of LegalZoom.com from a “buy” rating to an “underperform” rating and decreased their target price for the company from $13.00 to $6.00 in a research report on Wednesday, July 10th. Citigroup cut shares of LegalZoom.com from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $8.00 in a research report 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 target price on the stock in a research report on Wednesday, July 31st.
Read Our Latest Report on LegalZoom.com
Institutional Trading of LegalZoom.com
LegalZoom.com Trading Up 1.2 %
Shares of LZ stock opened at $6.74 on Tuesday. The company’s 50-day moving average price is $6.73 and its 200-day moving average price is $9.54. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 2.14 and a beta of 1.10. LegalZoom.com has a twelve month low of $5.33 and a twelve month high of $13.74.
LegalZoom.com (NASDAQ:LZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $177.36 million for the quarter, compared to analysts’ expectations of $172.92 million. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. As a group, equities research analysts predict that LegalZoom.com will post 0.23 EPS for the current year.
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.
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