Magnetar Financial LLC Buys New Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Magnetar Financial LLC purchased a new position in LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,985 shares of the company’s stock, valued at approximately $233,000.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its position in shares of LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares during the last quarter. Wexford Capital LP purchased a new stake in LegalZoom.com during the 3rd quarter worth approximately $64,000. Aigen Investment Management LP acquired a new position in shares of LegalZoom.com in the 4th quarter valued at approximately $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com during the 4th quarter valued at approximately $78,000. Finally, Paloma Partners Management Co bought a new stake in shares of LegalZoom.com in the third quarter worth $81,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LZ shares. Morgan Stanley increased 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. Citigroup boosted their price objective on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, November 26th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.19.

LegalZoom.com Trading Down 1.1 %

Shares of LegalZoom.com stock opened at $9.32 on Monday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 71.70, a PEG ratio of 1.73 and a beta of 1.09. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.56. The business’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $7.97.

LegalZoom.com 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.