<div id="readability-page-1"><p>LegalZoom.com, Inc. (NASDAQ:LZ - Get Free Report) dropped 4.7% on Tuesday . The company traded as low as $10.74 and last traded at $10.57. Approximately 657,405 shares were traded  during trading, a decline of 68% from the average daily volume of 2,069,081 shares. The stock had previously closed at $11.09.</p><div><p><span></span><span>Get <strong>LegalZoom.com</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><p>LZ has been the topic of several research reports. Bank of America raised LegalZoom.com from an &#34;underperform&#34; rating to a &#34;buy&#34; rating and upped their target price for the company from $8.00 to $12.00 in a research report on Friday. Barclays upped their target price on LegalZoom.com from $9.00 to $10.00 and gave the company an &#34;equal weight&#34; rating in a research report on Tuesday. Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an &#34;underweight&#34; rating in a research report on Friday, May 9th. Wall Street Zen raised LegalZoom.com from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a research report on Friday, May 30th. Finally, JMP Securities  reaffirmed a &#34;market perform&#34; rating on shares of LegalZoom.com in a research report on Thursday, May 15th. One analyst  has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one  has assigned  a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and a consensus target price of $9.92.</p><p><b>Check Out Our Latest Report on LZ</b></p><h2>LegalZoom.com Trading Down 4.0%</h2><p>The company has a market cap of $1.92 billion, a P/E ratio of 66.54, a PEG ratio of 4.68 and a beta of 1.23. The stock's 50-day moving average price is $8.99 and its 200-day moving average price is $8.79. </p><p>LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. LegalZoom.com had a net margin of 4.07% and a return on equity of 23.97%. The business had revenue of $192.51 million for the quarter, compared to analysts' expectations of $182.49 million. During the same quarter last year, the firm earned $0.10 EPS. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year.  On average, research analysts anticipate that  LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On LegalZoom.com</h2><p>Hedge funds have recently modified their holdings of the company. Ararat Capital Management LP raised its holdings in shares of  LegalZoom.com by 26.6% in the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock worth $24,396,000 after purchasing an additional 682,678 shares during the period.  Franklin Resources Inc. raised its holdings in shares of  LegalZoom.com by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,236,697 shares of the company's stock worth $28,839,000 after purchasing an additional 12,171 shares during the period.  Jacobs Levy Equity Management Inc. raised its holdings in shares of  LegalZoom.com by 8.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company's stock worth $18,828,000 after purchasing an additional 166,385 shares during the period.  Nuveen LLC bought a new stake in shares of  LegalZoom.com in the 1st quarter worth approximately $18,585,000.  Finally, Dimensional Fund Advisors LP raised its holdings in shares of  LegalZoom.com by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,523 shares of the company's stock worth $10,489,000 after purchasing an additional 32,075 shares during the period. Institutional investors own  81.99% of the company's stock. </p><h2>About LegalZoom.com</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than LegalZoom.com</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>Apple &amp; Trump: $100B Investment, Tariffs News Push Shares Up 13% </li><li>The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number</li><li>Oklo’s Stock Is Set up for a Correction—Buy It When It Bounces</li><li>Retail Stocks Investing, Explained</li><li>Alphabet Reclaims $200 Threshold—Bull Run Reignited?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in LegalZoom.com Right Now?</h2><p>Before you consider LegalZoom.com, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LegalZoom.com wasn't on the list.</p><p>While LegalZoom.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>LegalZoom.com (NASDAQ:LZ) shares fell 4.7% to $10.57, with trading volume down 68% from average levels. Analysts have mixed ratings, with Bank of America upgrading the stock to "buy" and raising the target price to $12.00. The company reported $192.51 million in revenue for the last quarter, exceeding expectations, and earnings per share of $0.15. Institutional investors hold 81.99% of the stock. LegalZoom provides online legal and business management services.</p>

LegalZoom.com (NASDAQ:LZ) Trading Down 4.7% - Here's Why