11,994 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Bought by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,994 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors have also added to or reduced their stakes in LZ. Quarry LP lifted its stake in shares of LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after buying an additional 3,732 shares during the period. Wexford Capital LP purchased a new position in LegalZoom.com in the 3rd quarter worth $64,000. Aigen Investment Management LP acquired a new stake in LegalZoom.com during the 4th quarter worth about $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com during the 4th quarter valued at about $78,000. Finally, Paloma Partners Management Co acquired a new position in shares of LegalZoom.com in the third quarter valued at about $81,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

LZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. UBS Group started coverage on shares of LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price for the company. Morgan Stanley upped their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Barclays lifted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.19.

LegalZoom.com Stock Performance

LZ opened at $9.19 on Friday. The company has a fifty day moving average of $9.18 and a two-hundred day moving average of $8.02. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 70.70, a PEG ratio of 1.73 and a beta of 1.09. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $13.56.

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.