A Stock With Stellar Fundamentals? LegalZoom.com Inc. (NASDAQ:LZ): Is It Right For You?

In yesterday’s Wall Street session, LegalZoom.com Inc. (NASDAQ:LZ) shares traded at $10.83, down -2.96% from the previous session.

As of this writing, 8 analysts cover LegalZoom.com Inc. (NASDAQ:LZ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $9.00, we find $15.00. Given the previous closing price of $11.16, this indicates a potential upside of 34.41 percent. LZ stock price is now 3.63% away from the 50-day moving average and 2.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.

There are 1 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $14.57 as their price target over the next twelve months.

In other news, Patel Dipan, Director sold 2,094,240 shares of the company’s stock on Oct 19. The stock was sold for $19,999,992 at an average price of $9.55. Upon completion of the transaction, the Director now directly owns 15,099,993 shares in the company, valued at $163.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 19, Director LucasZoom LLC sold 2,094,240 shares of the business’s stock. A total of $19,999,992 was realized by selling the stock at an average price of $9.55. This leaves the insider owning 15,099,993 shares of the company worth $163.53 million. Insiders disposed of 42,045,265 shares of company stock worth roughly $455.35 million over the past 1 year. A total of 40.85% of the company’s stock is owned by insiders.

Thursday morning saw LegalZoom.com Inc. (NASDAQ: LZ) opened at $10.82. During the past 12 months, LegalZoom.com Inc. has had a low of $6.89 and a high of $15.68. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.07, and a quick ratio of 1.07. The fifty day moving average price for LZ is $10.45 and a two-hundred day moving average price translates $10.61 for the stock.

The latest earnings results from LegalZoom.com Inc. (NASDAQ: LZ) was released for Sep, 2023. According to the Specialty Business Services Company, earnings per share came in at $0.1, inline with analysts’ expectations of $0.1. This compares to -$0.06 EPS in the same period last year. The net profit margin was -1.47% and return on equity was -5.58% for LZ. The company reported revenue of $167.27 million for the quarter, compared to $155.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.73 percent. For the current quarter, analysts expect LZ to generate $160.01M in revenue.

LegalZoom.com Inc.(LZ) Company Profile

LegalZoom.com, Inc. operates an online platform for legal and compliance solutions in the United States. The company’s platform offers products and services, including business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation and bookkeeping services. It serves small businesses and individuals. LegalZoom.com, Inc. was incorporated in 1999 and is headquartered in Glendale, California.

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