Oak Harvest Investment Services Invests $751,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

Oak Harvest Investment Services bought a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $751,000. Oak Harvest Investment Services owned approximately 0.06% of LegalZoom.com at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LZ. Quarry LP increased its holdings in shares of LegalZoom.com by 318.9% during the 2nd quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after buying an additional 3,406 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in LegalZoom.com by 179.8% in the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after acquiring an additional 3,919 shares in the last quarter. Wexford Capital LP bought a new stake in shares of LegalZoom.com in the 3rd quarter valued at approximately $64,000. Point72 DIFC Ltd acquired a new position in shares of LegalZoom.com in the 2nd quarter valued at about $71,000. Finally, Creative Planning acquired a new position in LegalZoom.com in the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LZ shares. Barclays raised their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. 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 report on Tuesday, November 26th. UBS Group initiated coverage on shares of LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price for the company. Morgan Stanley increased their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised LegalZoom.com from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $8.00 to $9.00 in a research report on Monday, January 13th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.81.

LegalZoom.com Trading Up 0.5 %

Shares of LZ stock opened at $9.16 on Friday. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 70.47, a PEG ratio of 1.73 and a beta of 1.10. The firm’s 50 day moving average is $8.05 and its 200-day moving average is $7.20.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $168.60 million during the quarter, compared to analyst estimates of $167.66 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. On average, equities research analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.