Nicole Miller Sells 25,154 Shares of LegalZoom.com (NASDAQ:LZ) Stock

LegalZoom.com, Inc. (NASDAQ:LZ) insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the completion of the sale, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

LegalZoom.com Stock Performance

NASDAQ LZ opened at $10.53 on Thursday. LegalZoom.com, Inc. has a one year low of $6.16 and a one year high of $11.93. The stock has a 50-day moving average of $9.19 and a 200 day moving average of $8.87. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 65.82, a PEG ratio of 3.68 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $192.51 million during the quarter, compared to the consensus estimate of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of LegalZoom.com during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its stake in LegalZoom.com by 976.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $41,000 after purchasing an additional 4,140 shares during the period. State of Wyoming boosted its stake in LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after purchasing an additional 2,475 shares during the period. Canada Pension Plan Investment Board bought a new position in LegalZoom.com in the 2nd quarter worth approximately $78,000. Finally, GAMMA Investing LLC boosted its stake in LegalZoom.com by 2,750.6% in the 1st quarter. GAMMA Investing LLC now owns 9,635 shares of the company’s stock worth $83,000 after purchasing an additional 9,297 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LZ. Bank of America upgraded LegalZoom.com from an “underperform” rating to a “buy” rating and boosted their price target for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Wall Street Zen upgraded LegalZoom.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 30th. Barclays boosted their price target on LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Morgan Stanley boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, May 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.92.

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.