The stock of LegalZoom.com Inc. (NASDAQ:LZ) increased by $0.02 on Tuesday to finish at $10.34, up 0.19 percent. The last five days have seen an average of 1,849,340 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $2.60. The average number of shares traded over the last 20 days was 1,403,910, while the average volume over the last 50 days totaled 1,254,752.
LZ stock dropped -14.40% since last month. On 09/07/23, the company’s shares reached a one-month low of $9.41. The stock touched a high of $15.68 on 08/01/23, after rallying from a low of $6.89 in 52 weeks. The price of LZ stock has risen by 33.59% or $2.60 this year, reaching a new high 28 times. Still, the stock price is down -34.06% from the 52-week high.
Insider Transactions
LZ stock investors should be aware that LegalZoom.com Inc. (LZ) stock had its last reported insider trading activity 9 days ago on Sep 11. On Sep 11, Director Patel Dipan sold 20,818,755 shares at $9.55 each. This transaction resulted in the insider making $198,819,110. On Sep 11, LucasZoom LLC sold 20,818,755 shares at a price of US$9.55. After the transaction, the insider now owns 17,194,233 shares. Chief Executive Officer Wernikoff Daniel A had earlier sold 39,558 shares on Mar 06 for $8.62 a share. The transaction was completed for $340,871.
Valuation Metrics
Beta for the stock is 1.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.06, the price-to-book (PB) ratio of 11.75, and the price-to-cash flow ratio of 22.25.
Financial Health
For the three months ended June 29, LegalZoom.com Inc.’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 65.10% percent. LegalZoom.com Inc.’s EBITDA margin for the year ended June 29 was -2.88%, whereas its operating margin stood at -0.50% for the same period. Based on annual data, it had gross profit of $408.88 million and revenue of $619.98 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LZ’s return on assets (ROA) during the last 12 months has been -1.40%. There was a -32.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.80%.
Earnings Surprise
According to LegalZoom.com Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $168.11 million, while revenues rose by 2.76% to $165.54 million. It was predicted that LegalZoom.com Inc.’s quarterly earnings would be $0.1, but it ended up being $0.1. EBITDA was $11.29 million for the quarter. At the end of LegalZoom.com Inc.’s most recent quarter ended June 29, its liabilities totaled 280.29 million, while its total debt was $10.21 million. Equity owned by shareholders amounts to $191.79 million.
Technical Picture
Here’s a quick look at LegalZoom.com Inc.’s (LZ) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 35.89%, suggesting the stock is Neutral, with a 60.34% historical volatility rate.
The stochastic %K and %D were 39.82% and 34.33% respectively, while the average true range (ATR) was 0.43. Based on the 14-day stochastic reading of 42.47%, the RSI (14) reading is 33.85%. On the 9-day MACD Oscillator, the stock is at 0.15, and the 14-day reading is at -0.26.
Analyst Ratings
In its most recent analyst report, MoffettNathanson raised its rating on LegalZoom.com Inc. (NASDAQ: LZ) to a Market perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned LegalZoom.com Inc. (LZ) an Overweight rating. LZ is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is LZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $17.00, with a median target price of $16.50. In analyzing these forecasts, the average price target given by analysts for LegalZoom.com Inc. (LZ) is $15.21.
