Streetbeat News

LZ

LegalZoom.com, Inc.

https://www.legalzoom.com

Industry

Specialty Business Services

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.

Open

7.52

Mkt cap

1.3B

Volume

368K

High

7.63

P/E Ratio

58.27

52-wk high

13.74

Low

7.45

Div yield

N/A

52-wk low

5.33

Analysts have provided mixed ratings for LegalZoom.com (NASDAQ:LZ) over the past three months, with a decrease in the average 12-month price target from $12.00 to $7.75. The company's financial performance shows challenges in profitability and asset utilization, despite revenue growth.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:00 pm

JP Morgan analyst Ella Smith maintains a Neutral rating on LegalZoom.com (NASDAQ:LZ) and lowers the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:57 pm

LegalZoom has reiterated its FY24 guidance for revenue, adjusted EBITDA, and free cash flow. The company expects revenue to be between $675M and $685M, adjusted EBITDA between $135M and $145M, and free cash flow between $75M and $85M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:48 pm

LegalZoom expects Q3 revenue to be between $165M and $169M, which is below the estimated $170.31M. The company also projects adjusted EBITDA in the range of $39M to $41M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:46 pm

LegalZoom.com (NASDAQ:LZ) reported Q2 2024 adjusted EPS of $0.10, beating the estimate of $0.09. Sales were $177.362M, surpassing the $173.190M estimate and showing a 5.04% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:03 pm

In the last three months, 4 analysts have published ratings on LegalZoom.com (NASDAQ:LZ), ranging from bullish to bearish. The average 12-month price target has decreased by 32.33% to $9.25. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 12:01 pm

Jefferies analyst Brent Thill has upgraded LegalZoom.com (NASDAQ:LZ) from Hold to Buy and set a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:11 am

The article highlights three industrial stocks that are currently oversold and may present buying opportunities in Q3. The stocks mentioned are LegalZoom.com Inc (NASDAQ:LZ), Grab Holdings Ltd (NASDAQ:GRAB), and Expion360 Inc (NASDAQ:XPON). Each of these stocks has an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 1:09 pm

LegalZoom has partnered with BusinessLoans.com to streamline access to capital for small business owners. This collaboration aims to simplify the process of obtaining business loans, potentially benefiting LegalZoom's customer base and expanding its service offerings.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:06 pm

LegalZoom.com has announced that its board has authorized a $75 million increase to its stock repurchase program, bringing the total to $175 million.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:01 pm

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