LegalZoom.com (NASDAQ:LZ) Given New $9.00 Price Target at Barclays

LegalZoom.com (NASDAQ:LZ) had its price objective boosted by Barclays from $8.00 to $9.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently weighed in on the stock. UBS Group assumed coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Citigroup lifted their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.19.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock opened at $10.16 on Thursday. The company’s fifty day simple moving average is $8.53 and its 200-day simple moving average is $7.62. The stock has a market capitalization of $1.76 billion, a PE ratio of 78.16, a P/E/G ratio of 1.73 and a beta of 1.13. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74.

Institutional Trading of LegalZoom.com

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in LegalZoom.com by 14.5% in the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after purchasing an additional 2,574,700 shares in the last quarter. Renaissance Technologies LLC lifted its stake in LegalZoom.com by 7.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company’s stock worth $26,474,000 after purchasing an additional 250,409 shares in the last quarter. Ararat Capital Management LP lifted its stake in LegalZoom.com by 26.6% in the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock worth $24,396,000 after purchasing an additional 682,678 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of LegalZoom.com by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company’s stock worth $23,240,000 after buying an additional 26,607 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of LegalZoom.com by 30.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company’s stock worth $15,173,000 after buying an additional 471,338 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.