Analysts Set Expectations for LegalZoom.com FY2025 Earnings

LegalZoom.com, Inc. (NASDAQ:LZ) – Equities researchers at William Blair lowered their FY2025 earnings estimates for shares of LegalZoom.com in a report issued on Tuesday, February 11th. William Blair analyst S. Sheldon now anticipates that the company will post earnings of $0.29 per share for the year, down from their previous forecast of $0.30. The consensus estimate for LegalZoom.com’s current full-year earnings is $0.25 per share.

A number of other research firms have also weighed in on LZ. Barclays raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday. UBS Group started coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective for the company. Morgan Stanley increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Citigroup lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.06.

LegalZoom.com Trading Up 0.9 %

Shares of LegalZoom.com stock opened at $9.30 on Wednesday. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The stock has a 50 day moving average of $8.24 and a 200 day moving average of $7.35. The firm has a market cap of $1.61 billion, a PE ratio of 71.54, a PEG ratio of 1.76 and a beta of 1.13.

Institutional Investors Weigh In On LegalZoom.com

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after buying an additional 2,574,700 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in LegalZoom.com by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock worth $8,662,000 after acquiring an additional 585,734 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in LegalZoom.com during the 3rd quarter valued at about $3,112,000. Tabor Asset Management LP increased its position in LegalZoom.com by 44.9% during the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock valued at $9,669,000 after purchasing an additional 472,002 shares during the period. Finally, Kazazian Asset Management LLC bought a new stake in shares of LegalZoom.com in the 4th quarter valued at about $3,375,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.