A share price of LegalZoom.com Inc. [LZ] is currently trading at $7.19, up 1.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The LZ shares have gain 4.20% over the last week, with a monthly amount glided 13.23%, 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.
LegalZoom.com Inc. experienced fluctuations in its stock price throughout the past year between $5.33 and $13.74. 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 $7.19 at the most recent close of the market. An investor can expect a potential return of 77.33% based on the average LZ price forecast.
Analyzing the LZ fundamentals
Trailing Twelve Months sales for LegalZoom.com Inc. [NASDAQ:LZ] were 677.51M which represents 5.04% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 7.07 points at the first support level, and at 6.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.26, and for the 2nd resistance point, it is at 7.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for LegalZoom.com Inc. [NASDAQ:LZ] is 0.62. On the other hand, the Quick Ratio is 0.62, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 20.84 and price to earnings (TTM) ratio is 66.57.
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.
