1 week Ago By Defense World Staff
Norges Bank acquired a new stake in LegalZoom.com, Inc. ( NASDAQ:LZ – Free Report ) during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund acquired 768,219 shares of the company’s stock, valued at approximately $5,769,000. Norges Bank owned 0.44% of LegalZoom.
com at the end of the most recent reporting period. Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its holdings in shares of LegalZoom.
com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock valued at $52,000 after acquiring an additional 3,732 shares in the last quarter.
Aigen Investment Management LP acquired a new position in LegalZoom.com during the fourth quarter worth $76,000. Olympiad Research LP acquired a new position in LegalZoom.
com during the fourth quarter worth $78,000. Sei Investments Co. acquired a new position in shares of LegalZoom.
com during the fourth quarter valued at about $83,000. Finally, Cibc World Markets Corp acquired a new position in LegalZoom.com during the 4th quarter valued at about $90,000.
Institutional investors own 81.99% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the stock.
Barclays raised their price target on shares of LegalZoom.com from $8.00 to $9.
00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price target on LegalZoom.com from $7.
00 to $8.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co.
lifted their target price on LegalZoom.com from $9.00 to $11.
00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. William Blair restated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th.
Finally, JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Two equities 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.
According to MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus target price of $9.
19. LegalZoom.com Price Performance Shares of LZ stock opened at $7.
91 on Thursday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 60.
85, a PEG ratio of 1.73 and a beta of 1.13.
The company’s fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $8.14.
LegalZoom.com, Inc. has a 1 year low of $5.
33 and a 1 year high of $12.98. LegalZoom.
com Company Profile ( Free Report ) 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.
See Also Five stocks we like better than LegalZoom.com How to Use the MarketBeat Stock Screener Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore Dividend Payout Ratio Calculator Are Tariffs Threatening Disney’s Comeback Story? Transportation Stocks Investing Is Alphabet a Generational Buying Opportunity at These Levels? Receive News & Ratings for LegalZoom.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegalZoom.com and related companies with MarketBeat.com's FREE daily email newsletter .
.
