LegalZoom.com Inc. (NASDAQ: LZ) is -41.50% lower on its value in year-to-date trading and has touched a low of $5.33 and a high of $13.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LZ stock was last observed hovering at around $6.51 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $6.61, the stock is 0.43% and 3.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 1.54% at the moment leaves the stock -31.10% off its SMA200. LZ registered -37.52% loss for a year compared to 6-month loss of -50.19%. The firm has a 50-day simple moving average (SMA 50) of $6.4021 and a 200-day simple moving average (SMA200) of $9.572725.
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The stock witnessed a 0.76% gain in the last 1 month and extending the period to 3 months gives it a -21.40%, and is -1.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.94% over the month.
LegalZoom.com Inc. (LZ) has around 1190 employees, a market worth around $1.16B and $677.51M in sales. Current P/E ratio is 61.20 and Fwd P/E is 11.76. Profit margin for the company is 3.10%. Distance from 52-week low is 24.02% and -51.89% from its 52-week high. The company has generated returns on investments over the last 12 months (31.30%).
The EPS is expected to grow by 21.25% this year
263.0 institutions hold shares in LegalZoom.com Inc. (LZ), with institutional investors hold 94.84% of the company’s shares. The shares outstanding are 188.54M, and float is at 112.88M with Short Float at 3.68%. Institutions hold 87.05% of the Float.
The top institutional shareholder in the company is FRANCISCO PARTNERS MANAGEMENT, LP with over 28.63 million shares valued at $240.17 million. The investor’s holdings represent 15.1766 of the LZ Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.29 million shares valued at $153.48 million to account for 9.6987 of the shares outstanding. The other top investors are TECHNOLOGY CROSSOVER MANAGEMENT IX, LTD. which holds 16.4 million shares representing 8.6929 and valued at over $137.57 million, while BLACKROCK INC. holds 5.224 of the shares totaling 9.85 million with a market value of $82.67 million.
LegalZoom.com Inc. (LZ) Insider Activity
LegalZoom.com Inc. disclosed in a document filed with the SEC on May 17 ’24 that Miller Nicole (CHIEF LEGAL OFFICER) sold a total of 13,727 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $9.17 per share for $0.13 million. Following the transaction, the insider now directly holds 0.34 million shares of the LZ stock.
Still, SEC filings show that on May 16 ’24, Watson Noel Bertram (Chief Financial Officer) disposed off 25,000 shares at an average price of $9.44 for $0.24 million. The insider now directly holds 748,912 shares of LegalZoom.com Inc. (LZ).
