LegalZoom.com Inc. [LZ] stock is trading at $9.19, up 5.51%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LZ shares have gain 10.72% over the last week, with a monthly amount glided 16.33%, and seem to be holding up well over a long-time horizon.
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On 26, January 2023, LegalZoom to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on February 23, 2023. In a post published today on Yahoo Finance, LegalZoom.com, Inc. (Nasdaq: LZ), will report its financial results for the fourth quarter and fiscal year ended December 31, 2022 on Thursday, February 23, 2023, following the close of market.
From an analyst’s perspective:
LegalZoom.com Inc. [NASDAQ: LZ] stock has seen the most recent analyst activity on September 22, 2022, when MoffettNathanson initiated its Underperform rating and assigned the stock a price target of $11. Previously, JMP Securities downgraded its rating to Mkt Perform on September 06, 2022. On July 28, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $9 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $20 on April 20, 2022. William Blair initiated its recommendation with a Outperform. In a note dated July 26, 2021, Morgan Stanley initiated an Equal-Weight rating and iterated a target price of $44 on this stock.
LegalZoom.com Inc. [LZ] stock has fluctuated between $7.37 and $17.36 over the past year. Currently, Wall Street analysts expect the stock to reach $12.38 within the next 12 months. LegalZoom.com Inc. [NASDAQ: LZ] shares were valued at $9.19 at the most recent close of the market. An investor can expect a potential return of 34.71% based on the average LZ price forecast.
Analyzing the LZ fundamentals
LegalZoom.com Inc. [NASDAQ:LZ] reported sales of 154.42 billion for the most recent quarter, which represents a growth of 4.40%. Gross Margin for this corporation currently stands at +65.29% with Operating Margin at -14.63%, Pretax Margin comes in at -20.80%, and Net Margin reading is -18.90%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.95 points at the first support level, and at 8.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.36, and for the 2nd resistance point, it is at 9.54.
LegalZoom.com Inc. [LZ] reported earnings per share of $0.05 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of $0.04 and a surprise factor of 400.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.05 per share as compared to estimates of -$0.02 per share, a difference of -$0.03 representing a surprise of -150.00%.
Ratios To Look Out For
For context, LegalZoom.com Inc.’s Current Ratio is 1.00. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 5.54, the price to book ratio is 16.11.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 5 insider sellings of 53,765 shares. Recent insider trading involved Preece Richard, Chief Operating Officer, that happened on Nov 17 when 8477.0 shares were sold. Chief Executive Officer, Wernikoff Daniel A completed a deal on Nov 17 to sell 3959.0 shares. Meanwhile, General Counsel Miller Nicole sold 7037.0 shares on Nov 17.