LegalZoom.com (NASDAQ:LZ) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ) had its price target decreased by research analysts at JPMorgan Chase & Co. from $14.00 to $11.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 58.62% from the stock’s current price.

Several other brokerages have also recently issued reports on LZ. Morgan Stanley boosted their price target on LegalZoom.com from $8.50 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, November 13th. William Blair raised LegalZoom.com from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Zacks Research lowered LegalZoom.com from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Barclays increased their price objective on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.90.

LegalZoom.com Price Performance

LegalZoom.com stock traded up $0.08 during midday trading on Wednesday, hitting $6.94. The company’s stock had a trading volume of 568,802 shares, compared to its average volume of 3,803,718. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 57.80, a PEG ratio of 1.16 and a beta of 1.22. LegalZoom.com has a 1-year low of $6.47 and a 1-year high of $12.40. The company has a 50-day moving average price of $9.17 and a two-hundred day moving average price of $9.82.

Institutional Trading of LegalZoom.com

Hedge funds and other institutional investors have recently modified their holdings of the business. Man Group plc boosted its holdings in LegalZoom.com by 15.2% in the 4th quarter. Man Group plc now owns 1,157,043 shares of the company’s stock worth $11,489,000 after buying an additional 152,985 shares during the period. Invenomic Capital Management LP boosted its holdings in shares of LegalZoom.com by 23.8% in the fourth quarter. Invenomic Capital Management LP now owns 1,587,044 shares of the company’s stock worth $15,759,000 after acquiring an additional 305,279 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of LegalZoom.com by 2,496.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 348,275 shares of the company’s stock worth $3,458,000 after acquiring an additional 334,861 shares during the period. Freestone Grove Partners LP bought a new stake in shares of LegalZoom.com during the 4th quarter valued at $183,000. Finally, AQR Capital Management LLC raised its stake in shares of LegalZoom.com by 23.5% during the 4th quarter. AQR Capital Management LLC now owns 2,582,472 shares of the company’s stock valued at $25,644,000 after purchasing an additional 491,111 shares during the period. Institutional investors own 81.99% of the company’s stock.

About LegalZoom.com

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.