As of Friday close, LegalZoom.com Inc.’s (NASDAQ:LZ) stock was down -$0.11, moving down -0.90 percent to $12.08. The average number of shares traded per day over the past five days has been 916,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 1,188,630, while in the previous 50 days, it was 1,178,488.
Since last month, LZ stock retreated -13.22%. Shares of the company fell to $11.40 on 08/09/23, the lowest level in the past month. A 52-week high of $15.68 was reached on 08/01/23 after having rallying from a 52-week low of $6.89. Since the beginning of this year, LZ’s stock price has risen by 56.07% or $4.34, and marked a new high 28 times. However, the stock has declined by -22.96% since its 52-week high.
LZ stock investors should be aware that LegalZoom.com Inc. (LZ) stock had its last reported insider trading activity 166 days ago on Mar 06. Wernikoff Daniel A, the Chief Executive Officer of the company, disposed of 39,558 shares for $8.62 on Mar 06. It resulted in a $340,871 divestment by the insider. Watson Noel Bertram sold 38,893 shares at an average price of $8.42 on Mar 03. The insider now owns 516,973 shares following the transaction. On Mar 03, Chief Executive Officer Wernikoff Daniel A sold 4,243 shares at $8.42 apiece. The transaction was valued at $35,713.
Valuation Metrics
The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 13.73, and the price-to-cash flow ratio of 26.24 may also be considered.
Financial Health
In the three months ended June 29, LegalZoom.com Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 65.10% percent. In the year ended June 29, EBITDA margin amounted to -2.88%, whereas operating margins totaled -0.50%. Based on annual data, LZ earned $408.88 million in gross profit and brought in $619.98 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -32.20%. Return on equity (ROE) for the past 12 months was -3.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LZ’s revenue rose 277.45% to $165.94 million during the quarter, while net income inched up to $168.11 million. While analysts expected LegalZoom.com Inc. to report $0.1 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated $11.29 million in EBITDA. The liabilities of LegalZoom.com Inc. were 280.29 million at the end of its most recent quarter ended June 29, and its total debt was $10.21 million. The value of shareholders’ equity is $191.79 million.
Technical Picture
This quick technical analysis looks at LegalZoom.com Inc.’s (LZ) price momentum. With a historical volatility rate of 113.43%, the RSI 9-day stood at 27.94% on 18 August.
With respect to its five-day moving average, the current LegalZoom.com Inc. price is down by -4.13% percent or -$0.52. At present, LZ shares trade -13.34% below its 20-day simple moving average and +36.19% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.13% below its SMA50 and +30.59% above its SMA200.
Stochastic coefficient K was 20.02% and Stochastic coefficient D was 22.30%, while ATR was 0.63. Given the Stochastic reading of 15.89% for the 14-day period, the RSI (14) reading has been calculated as 35.47%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -1.42.
Analyst Ratings
MoffettNathanson upgraded its rating on LegalZoom.com Inc. (NASDAQ: LZ) to a Market perform in a note to investors on May 10, 2023. The analysts firm previously had an Underperform rating on the stock.LegalZoom.com Inc. (LZ) has been rated Overweight by analysts. According to 1 brokerage firm, LZ is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate LegalZoom.com Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $16.75, the current consensus forecast for the stock is $9.00 – $17.00. Based on these forecasts, analysts predict LegalZoom.com Inc. (LZ) will achieve an average price target of $15.44.
