LegalZoom.com (LZ) Projected to Post Quarterly Earnings on Wednesday

LegalZoom.com (NASDAQ:LZ) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $160.67 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $8.67 on Monday. The firm has a market cap of $1.50 billion, a P/E ratio of 66.70, a P/E/G ratio of 1.73 and a beta of 1.13. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The firm has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $7.51.

Analyst Ratings Changes

LZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. UBS Group initiated coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company. Citigroup raised their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.06.

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.