LegalZoom.com Inc. [LZ] stock prices are up 14.34% to $11.24 at the moment. 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 4.46% over the last week, with a monthly amount glided 5.94%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, LegalZoom Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Revenue of $158.7 million for the quarter, an increase of 8% year-over-year; and $660.7 million for the year, up 7% year-over-year.
From an analyst’s perspective:
MoffettNathanson upgraded its rating to a Market Perform but stick to its price target of $12 on May 10, 2023. JMP Securities upgraded its rating to a Mkt Outperform but $14 remained the price target by the analyst firm on April 18, 2023. MoffettNathanson started tracking with a Underperform rating for this stock on September 22, 2022, and assigned it a price target of $11. In a note dated September 06, 2022, JMP Securities downgraded an Mkt Perform rating on this stock.
The stock price of LegalZoom.com Inc. [LZ] has been fluctuating between $6.89 and $15.68 over the past year. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. LegalZoom.com Inc. [NASDAQ: LZ] shares were valued at $11.24 at the most recent close of the market. An investor can expect a potential return of 27.49% based on the average LZ price forecast.
Analyzing the LZ fundamentals
The LegalZoom.com Inc. [NASDAQ:LZ] reported sales of 660.73M for trailing twelve months, representing a surge of 8.21%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 10.43 points at the first support level, and at 9.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.71, and for the 2nd resistance point, it is at 12.18.
LegalZoom.com Inc. [LZ] reported earnings per share of $0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.03 and a surprise factor of 30.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.09 per share, a difference of $0.03 representing a surprise of 33.30%.
Ratios To Look Out For
It’s worth pointing out that LegalZoom.com Inc. [NASDAQ:LZ]’s Current Ratio is 1.04. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 12.55 and price to earnings (TTM) ratio is 157.64.
Transactions by insiders
Recent insider trading involved Miller Nicole, EVP and General Counsel, that happened on Feb 16 when 16536.0 shares were sold. Chief Operating Officer, Preece Richard completed a deal on Dec 29 to sell 9462.0 shares. Meanwhile, EVP and General Counsel Miller Nicole sold 21528.0 shares on Dec 11.
