Creative Planning Acquires Shares of 11,307 LegalZoom.com, Inc. (NASDAQ:LZ)

Creative Planning bought a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the third quarter, Holdings Channel reports. The institutional investor bought 11,307 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings in LegalZoom.com by 8.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,345 shares of the company’s stock worth $178,000 after acquiring an additional 1,074 shares during the last quarter. Ascent Group LLC boosted its holdings in LegalZoom.com by 27.6% in the first quarter. Ascent Group LLC now owns 13,650 shares of the company’s stock valued at $182,000 after acquiring an additional 2,950 shares during the last quarter. Quarry LP increased its position in LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after purchasing an additional 3,406 shares during the period. ProShare Advisors LLC raised its holdings in LegalZoom.com by 22.5% during the 1st quarter. ProShare Advisors LLC now owns 24,042 shares of the company’s stock worth $321,000 after purchasing an additional 4,420 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its position in LegalZoom.com by 29.6% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company’s stock valued at $191,000 after purchasing an additional 5,208 shares during the period. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Trading Up 0.4 %

NASDAQ LZ opened at $8.42 on Wednesday. The firm’s fifty day moving average price is $6.87 and its two-hundred day moving average price is $7.55. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The firm has a market capitalization of $1.46 billion, a P/E ratio of 64.54, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm had revenue of $168.60 million for the quarter, compared to the consensus estimate of $167.66 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts anticipate that LegalZoom.com, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LZ. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price target on shares of LegalZoom.com in a research report on Friday, November 8th. Barclays lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday. Jefferies Financial Group upgraded shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Wednesday, July 31st. Finally, William Blair assumed coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating on the stock. Three 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. Based on data from MarketBeat, LegalZoom.com presently has an average rating of “Hold” and an average price target of $8.79.

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.