While LegalZoom.com Inc has underperformed by -2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LZ fell by -28.47%, with highs and lows ranging from $13.74 to $5.33, whereas the simple moving average fell by -10.34% in the last 200 days.
On November 08, 2024, JP Morgan Downgraded LegalZoom.com Inc (NASDAQ: LZ) to Underweight. A report published by William Blair on September 16, 2024, Initiated its previous ‘Mkt Perform’ rating for LZ. Jefferies also Upgraded LZ shares as ‘Buy’, setting a target price of $8 on the company’s shares in a report dated July 31, 2024. JP Morgan July 10, 2024d the rating to Neutral on July 10, 2024, and set its price target from $14 to $9. JMP Securities July 10, 2024d its ‘Mkt Outperform’ rating to ‘Mkt Perform’ for LZ, as published in its report on July 10, 2024. Citigroup’s report from July 10, 2024 suggests a price prediction of $8 for LZ shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of LegalZoom.com Inc (LZ)
Further, the quarter-over-quarter increase in sales is 0.79%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of LegalZoom.com Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 23.61% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and LZ is recording an average volume of 1.18M. On a monthly basis, the volatility of the stock is set at 3.40%, whereas on a weekly basis, it is put at 3.35%, with a loss of -13.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.78, showing decline from the present price of $7.99, 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?
LegalZoom.com Inc (LZ) is based in the USA and is one of the most prominent companies operating in the Specialty Business Services market. 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 60.30, there is a growth in quarterly earnings of 64.14%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 35.70%. 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 57.64% 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 57.64% at present.
