Tabor Asset Management LP increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 44.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,522,726 shares of the company's stock after buying an additional 472,002 shares during the quarter. LegalZoom.com accounts for about 4.6% of Tabor Asset Management LP's holdings, making the stock its 4th biggest holding. Tabor Asset Management LP owned approximately 0.88% of LegalZoom.com worth $9,669,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of LZ. Quarry LP increased its holdings in LegalZoom.com by 83.4% in the 3rd quarter. Quarry LP now owns 8,206 shares of the company's stock worth $52,000 after purchasing an additional 3,732 shares in the last quarter. RBF Capital LLC increased its holdings in LegalZoom.com by 650.0% in the 3rd quarter. RBF Capital LLC now owns 150,000 shares of the company's stock worth $952,000 after purchasing an additional 130,000 shares in the last quarter. Clearline Capital LP acquired a new position in LegalZoom.com in the 3rd quarter worth about $126,000. Paloma Partners Management Co acquired a new position in LegalZoom.com in the 3rd quarter worth about $81,000. Finally, Edgestream Partners L.P. increased its holdings in LegalZoom.com by 313.2% in the 3rd quarter. Edgestream Partners L.P. now owns 191,857 shares of the company's stock worth $1,218,000 after purchasing an additional 145,425 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.
Shares of NASDAQ:LZ opened at $8.05 on Friday. The business's 50 day simple moving average is $7.32 and its two-hundred day simple moving average is $7.23. The firm has a market cap of $1.39 billion, a P/E ratio of 61.92, a PEG ratio of 1.78 and a beta of 1.10. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74.
LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. During the same quarter in the prior 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, equities analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.
A number of brokerages have issued reports on LZ. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $8.00 target price on shares of LegalZoom.com in a report on Friday, November 8th. Barclays increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Citigroup increased their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, William Blair initiated coverage on LegalZoom.com in a research note on Monday, September 16th. They issued a "market perform" rating for the company. Two research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.75.
Get Our Latest Report on 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.
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