Market cap of LegalZoom.com Inc. [LZ] reaches 1.68B – now what?
LegalZoom.com [NASDAQ: LZ] The price fell -8.58 percent to $0.77. Company report on August 24, 2022 The era of “be my own boss” has arrived, according to a new survey by LegalZoom.
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LegalZoom Survey: Women and the Age of the President reveals why women are driving the small business boom in the United States and pursuing their entrepreneurial dreams.
Today, LegalZoom.com, Inc. (NASDAQ:LZ), the industry leader in online small business formations and the leading online platform for legal, compliance and tax solutions, “The New LegalZoom: Women and the Boss Era Survey” looks at the changing dynamics of women and business. With 60% of women small business owners stating that “being their own boss” was the reason they started their businesses, it is clear that a new era of entrepreneurship for women across the United States is here.
2707225 shares were traded in the last session while the average daily trading volume was 1.50 million shares. Shares of LegalZoom.com Inc reached a high of $9.16 and fell as low as $8,071 to a close in the last session of $8.26.
LZ’s 1-year forecast is for a potential rise of 41.71. The average equity rating of LZ stock is currently 2.40, and it is trading near a bullish pattern in the stock market.
Educator’s opinion of LegalZoom.com Inc. [LZ]:
Based on accurate and fact-backed analyzes by Wall Street experts, the current consensus on a price target for LZ stock is $14.17 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on LZ stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
MoffettNathanson has made an appreciation for the shares of LegalZoom.com Inc. , retaining their opinion of the stock as Underperform, with their previous recommendation back on September 22, 2022. The new note on the price target was issued on September 6, 2022, which is the official price target for LegalZoom.com Inc.’s stock. Previously, the target price had fallen again from $12 to $9, while Morgan Stanley maintained an underweight rating for LZ stock. On April 20, 2022, analysts raised their target price for LZ shares from 19 to 20.
The Average True Range (ATR) is set for LegalZoom.com Inc. at 0.63, with the price-to-sales ratio for LZ stock in the last 12-month period being 2.76. The price-to-book ratio for the last quarter was 9.83, with the price-to-cash-to-cash ratio for the same quarter set at 1.06. LZ’s free cash flow rate for the past 12 months was 75.98 with a Q4 quick ratio of 1.00.
LZ stock performance analysis:
LegalZoom.com [LZ] It fell into the red at the end of last week, fell in a negative direction and fell by -19.26. With this latest performance, LZ shares are down -21.71% over the past four-week period, and have also fallen -43.03% over the past six months – not to mention a -72.22% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for LZ stock for the last two weeks was set at 29.46, with the RSI for the last one traded at 22.08, and the three-week RSI for LegalZoom.com Inc. [LZ]. The current moving average of the last 50 trading days for this stock is 10.50, while it recorded at 9.19 for the last trading week, and 13.27 for the last 200 days.
An insight into the basics of LegalZoom.com:
Operating margin for any stock indicates how profitable the investment is, and LegalZoom.com Inc. [LZ] The current equity operating margin is -14.63 and the total margin is +65.29. LegalZoom.com Inc.’s net profit margin has been reported. Currently at -18.90.
LegalZoom.com’s liquidity data is similarly compelling, with a quick ratio of 1.00 and a current ratio set at 1.00.
LegalZoom.com [LZ] Insiders’ position details
There are currently approximately $1,145 million, or 68.00% of LZ’s stock, in the hands of institutional investors. The three largest corporate owners of LZ shares are: FRANCISCO PARTNERS MANAGEMENT, LP with ownership of 28,625,744, which is approximately 0% of the company’s market capitalization and approximately 1.20% of the total corporate ownership; TECHNOLOGY CROSSOVER MANAGEMENT IX, LTD. , which owns 1,4302,073 shares with an approximate value of $118.14 million in LZ stock; and GPI CAPITAL, LP, with $78.82 million in LZ shares with ownership of approximately 0% of the company’s market capitalization.
Positions increased in shares of LegalZoom.com Inc. held by institutional investors at the end of August and at the time of the August report, as 92 institutional owners consolidated their positions in LegalZoom.com Inc. [NASDAQ:LZ] About 18,035.614 shares. In addition, 52 investors decreased their positions by 11,553,540 shares, while 17 investors held positions by 109,008,291 shares. The said changes put institutional holdings at 138,597,445 shares, according to the latest report by the Securities and Exchange Commission. LZ stock included 44 new institutional investments totaling 8,404,515 shares, while 26 institutional investors sold deals totaling 3,502,914 shares during the same period.