LegalZoom.com Inc. [LZ] stock prices are saw in change for the day to $6.75 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LZ shares have gain 7.66% over the last week, with a monthly amount glided 14.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies upgraded its rating to Buy on July 31, 2024, and kept the price target unchanged to $8. On July 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $9 on the stock. JMP Securities downgraded its rating to a Mkt Perform. Citigroup downgraded its rating to a Neutral and reduced its price target to $8 on July 10, 2024. BofA Securities downgraded its rating to Underperform for this stock on July 10, 2024, and downed its price target to $6. In a note dated July 10, 2024, Barclays downgraded an Equal Weight rating on this stock.
The stock price of LegalZoom.com Inc. [LZ] has been fluctuating between $5.33 and $13.74 over the past year. Currently, Wall Street analysts expect the stock to reach $12.75 within the next 12 months. LegalZoom.com Inc. [NASDAQ: LZ] shares were valued at $6.75 at the most recent close of the market. An investor can expect a potential return of 88.89% based on the average LZ price forecast.
Analyzing the LZ fundamentals
The LegalZoom.com Inc. [NASDAQ:LZ] reported sales of 677.51M for trailing twelve months, representing a surge of 5.04%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 6.66 points at the first support level, and at 6.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.84, and for the 2nd resistance point, it is at 6.93.
Ratios To Look Out For
It’s worth pointing out that LegalZoom.com Inc. [NASDAQ:LZ]’s Current Ratio is 0.62. Further, the Quick Ratio stands at 0.62, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 19.56 and price to earnings (TTM) ratio is 62.50.
Transactions by insiders
Recent insider trading involved Wernikoff Daniel A, Former CEO, that happened on Aug 13 ’24 when 0.23 million shares were purchased. CHIEF LEGAL OFFICER, Miller Nicole completed a deal on May 17 ’24 to sell 13727.0 shares. Meanwhile, Chief Financial Officer Watson Noel Bertram sold 25000.0 shares on May 16 ’24.
