Clare Market Investments LLC bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 29,025 shares of the company's stock, valued at approximately $218,000.
A number of other large investors also recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of LegalZoom.com by 199,195.3% in the fourth quarter. AlphaQuest LLC now owns 85,697 shares of the company's stock valued at $644,000 after buying an additional 85,654 shares during the period. Aigen Investment Management LP bought a new stake in LegalZoom.com in the 4th quarter valued at $76,000. Charles Schwab Investment Management Inc. boosted its stake in LegalZoom.com by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company's stock worth $9,258,000 after purchasing an additional 34,914 shares during the period. Pathway Capital Management LP acquired a new position in LegalZoom.com in the 4th quarter worth $2,387,000. Finally, US Bancorp DE increased its holdings in LegalZoom.com by 1,624.3% during the 4th quarter. US Bancorp DE now owns 32,658 shares of the company's stock worth $245,000 after purchasing an additional 30,764 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.
Shares of LZ stock opened at $9.26 on Tuesday. The company has a fifty day moving average price of $8.78 and a two-hundred day moving average price of $7.79. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.74. The stock has a market cap of $1.63 billion, a P/E ratio of 71.24, a P/E/G ratio of 1.73 and a beta of 1.09.
Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. UBS Group assumed coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They set a "neutral" rating and a $9.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.19.
Read Our Latest Analysis 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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