While LegalZoom.com Inc. has overperformed by 0.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LZ fell by -36.26%, with highs and lows ranging from $13.74 to $5.33, whereas the simple moving average fell by -25.30% in the last 200 days.
On September 16, 2024, William Blair started tracking LegalZoom.com Inc. (NASDAQ: LZ) recommending Mkt Perform. A report published by Jefferies on July 31, 2024, Upgraded its rating to ‘Buy’ for LZ. JP Morgan also Downgraded LZ shares as ‘Neutral’, setting a target price of $9 on the company’s shares in a report dated July 10, 2024. Citigroup July 10, 2024d its ‘Buy’ rating to ‘Neutral’ for LZ, as published in its report on July 10, 2024. BofA Securities’s report from July 10, 2024 suggests a price prediction of $6 for LZ shares, giving the stock a ‘Underperform’ rating. Barclays also rated the stock as ‘Equal Weight’.
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Analysis of LegalZoom.com Inc. (LZ)
Further, the quarter-over-quarter increase in sales is 5.04%, showing a positive trend in the upcoming months.
One of the most important indicators of LegalZoom.com Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 18.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LZ is recording 1.44M average volume. On a monthly basis, the volatility of the stock is set at 2.65%, whereas on a weekly basis, it is put at 2.35%, with a gain of 6.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.00, showing growth from the present price of $6.89, which can serve as yet another indication of whether LZ is worth investing in or should be passed over.
How Do You Analyze LegalZoom.com Inc. Shares?
The Specialty Business Services market is dominated by LegalZoom.com Inc. (LZ) based in the USA. When comparing LegalZoom.com Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 63.80, there is a growth in quarterly earnings of -2.78%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 35.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LZ shares are owned by institutional investors to the tune of 57.23% at present.
