Key Points
- LegalZoom insider Nicole Miller sold 33,479 shares at an average price of $5.51, generating $184,469. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax obligations, leaving her with 943,453 shares.
- LegalZoom reported quarterly EPS of $0.16, slightly above the $0.15 consensus estimate, while revenue reached $205.29 million, up 6.6% year over year but narrowly below expectations.
- The stock opened at $5.69, near its 52-week low of $5.22. Analysts maintain a cautious outlook, with a consensus “Reduce” rating and an average price target of $7.30.
LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) insider Nicole Miller sold 33,479 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $5.51, for a total transaction of $184,469.29. Following the sale, the insider owned 943,453 shares of the company's stock, valued at $5,198,426.03. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nicole Miller also recently made the following trade(s):
- On Monday, August 17th, Nicole Miller sold 43,996 shares of LegalZoom.com stock. The shares were sold at an average price of $5.51, for a total value of $242,417.96.
LegalZoom.com Stock Performance
NASDAQ LZ opened at $5.69 on Wednesday. LegalZoom.com, Inc. has a 1 year low of $5.22 and a 1 year high of $12.40. The business's fifty day moving average is $6.68 and its two-hundred day moving average is $6.55. The stock has a market capitalization of $974.47 million, a P/E ratio of 63.22, a P/E/G ratio of 1.06 and a beta of 1.28.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $205.29 million during the quarter, compared to analyst estimates of $205.83 million. LegalZoom.com had a return on equity of 15.83% and a net margin of 2.13%.The company's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. On average, research analysts forecast that LegalZoom.com, Inc. will post 0.32 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LZ. Brighton Jones LLC acquired a new position in LegalZoom.com during the fourth quarter valued at $185,000. Amundi purchased a new stake in LegalZoom.com in the 1st quarter worth about $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LegalZoom.com by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company's stock worth $646,000 after acquiring an additional 2,161 shares during the period. Goldman Sachs Group Inc. boosted its position in LegalZoom.com by 9.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,313,429 shares of the company's stock worth $11,309,000 after acquiring an additional 113,769 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in LegalZoom.com by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 275,978 shares of the company's stock valued at $2,376,000 after acquiring an additional 4,607 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $7.00 price target (down from $8.00) on shares of LegalZoom.com in a research note on Thursday, August 6th. UBS Group reduced their price objective on shares of LegalZoom.com from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, May 7th. Citigroup decreased their target price on shares of LegalZoom.com from $8.50 to $7.50 and set a "neutral" rating for the company in a report on Friday, May 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of LegalZoom.com in a research report on Thursday, July 2nd. Finally, William Blair lowered shares of LegalZoom.com from an "outperform" rating to a "market perform" rating in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Reduce" and an average target price of $7.30.
Read Our Latest Research Report on LZ
LegalZoom.com Company Profile
(
Get Free Report)
LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.
Founded in 2001 by entrepreneurs Brian Lee, Brian P.
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