A share price of LegalZoom.com Inc. [LZ] is currently trading at $12.96, up 2.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The LZ shares have gain 12.89% over the last week, with a monthly amount glided 24.38%, 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.
LegalZoom.com Inc. experienced fluctuations in its stock price throughout the past year between $6.89 and $15.68. 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 $12.96 at the most recent close of the market. An investor can expect a potential return of 10.57% based on the average LZ price forecast.
Analyzing the LZ fundamentals
Trailing Twelve Months sales for LegalZoom.com Inc. [NASDAQ:LZ] were 660.73M which represents 8.21% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 12.69 points at the first support level, and at 12.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.19, and for the 2nd resistance point, it is at 13.42.
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
To put it in perspective, the Current Ratio for LegalZoom.com Inc. [NASDAQ:LZ] is 1.04. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.86. Considering the valuation of this stock, the price to sales ratio is 3.69, the price to book ratio is 14.47 and price to earnings (TTM) ratio is 181.77.
Transactions by insiders
Recent insider trading involved Murphy John Francis, Director, that happened on Mar 01 when 10000.0 shares were sold. EVP and General Counsel, Miller Nicole completed a deal on Feb 22 to sell 24557.0 shares. Meanwhile, EVP and General Counsel Miller Nicole sold 16536.0 shares on Feb 16.
