LegalZoom.com Inc. (NASDAQ:LZ) saw a downside of -0.62% to $10.44 after subtracting -$0.06 on Tuesday. The 5-day average trading volume is 1,096,073 shares of the company’s common stock. It has gained $10.58 in the past week and touched a new high 2 times within the past 5 days. An average of 1,499,528 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,284,779.
LZ’s 1-month performance is -8.94% or -$1.03 on its low of $9.41 reached on 09/07/23. The company’s shares have touched a 52-week low of $6.89 and high of $15.68, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, LZ has achieved 34.82% or $2.69 and has reached a new high 28 times. However, the current price is down -33.45% from the 52-week high price.
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Insider Transactions
LZ stock investors last saw insider trading activity on Sep 11.Patel Dipan (Director) most recently sold 20,818,755 shares at $9.55 per share on Sep 11. This transaction cost the insider $198,819,110. Director, LucasZoom LLC, sold 20,818,755 shares at a price of $9.55 on Sep 11. Then, on Mar 06, Chief Executive Officer Wernikoff Daniel A sold 39,558 shares at a price of $8.62 per share. This transaction amounted to $340,871.
Valuation Metrics
LZ stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.15 while the price-to-book (PB) in the most recent quarter is 11.85, with the price to cash flow ratio at 20.39.
LegalZoom.com Inc.’s quick ratio for the period ended June 29 was 1.07, with the current ratio over the same period at 1.07. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 63.21%. The trailing 12-month EBITDA margin is -2.88% while for the period ending June 29, LegalZoom.com Inc.’s operating margin was -0.07%. The firm’s gross profit as reported stood at $408.88 million against revenue of $619.98 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1041.43% to $1.4 million, while revenue of -$2.36 million was 268.57% off the previous quarter. Analysts expected LZ to announce $0.1 per share in earnings in its latest quarter, but it posted $0.1, representing a 0.00% surprise. EBITDA for the quarter stood at more than $11.29 million. LZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 280.29 million, with total debt at $10.21 million. Shareholders hold equity totaling $191.79 million.
Let’s look briefly at LegalZoom.com Inc. (LZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 44.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.26%.
The stock’s 5-day moving average is $10.34, reflecting a +0.82% or $0.09 change from its current price. LZ is currently trading -6.59% above its 20-day SMA, +34.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.68% and SMA200 by+16.35%.
Stochastic %K and %D was 62.75% and 49.16% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 39.12%, while the 14-day stochastic is at 86.75% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for LegalZoom.com Inc. (NASDAQ: LZ), MoffettNathanson upgraded it to a Market perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for LZ stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LZ as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is LZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $17.00, with their median price target at $16.50. Looking at these predictions, the average price target given by analysts is for LegalZoom.com Inc. (LZ) stock is $15.21.
