LegalZoom.com Inc. (NASDAQ: LZ) stock jumped 1.18% on Monday to $10.32 against a previous-day closing price of $10.20. With 1.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $10.49 whereas the lowest price it dropped to was $10.01. The 52-week range on LZ shows that it touched its highest point at $15.68 and its lowest point at $6.89 during that stretch. It currently has a 1-year price target of $15.44. Beta for the stock currently stands at 1.08.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LZ was up-trending over the past week, with a rise of 0.98%, but this was down by -15.34% over a month. Three-month performance dropped to -17.11% while six-month performance rose 23.00%. The stock gained 0.88% in the past year, while it has gained 33.33% so far this year. A look at the trailing 12-month EPS for LZ yields -0.03 with Next year EPS estimates of 0.42. For the next quarter, that number is 0.09. This implies an EPS growth rate of 63.00% for this year and 21.80% for next year. EPS is expected to grow by 49.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.80%.
Float and Shares Shorts:
At present, 191.34 million LZ shares are outstanding with a float of 107.01 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.5 million, which was 3.38% higher than short shares on Jul 30, 2023. In addition to Mr. Daniel A. Wernikoff as the firm’s CEO & Director, Mr. Noel B. Watson serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 67.09% of LZ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.68% of LZ, in contrast to 24.85% held by mutual funds. Shares owned by individuals account for 15.60%. As the largest shareholder in LZ with 5.46% of the stake, The Vanguard Group, Inc. holds 10,468,837 shares worth 10,468,837. A second-largest stockholder of LZ, GPI Capital LP, holds 9,541,916 shares, controlling over 4.97% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in LZ, holding 6,118,110 shares or 3.19% stake. With a 1.75% stake in LZ, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,363,759 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.43% of LZ stock, is the second-largest Mutual Fund holder. It holds 2,738,427 shares valued at 31.25 million. Franklin Small Cap Growth Fund holds 1.40% of the stake in LZ, owning 2,680,980 shares worth 30.59 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LZ reported revenue of $163.87M and operating income of -$11.64M. The EBITDA in the recently reported quarter was -$5.62M and diluted EPS was -$0.06.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LZ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LZ analysts setting a high price target of $17.00 and a low target of $9.00, the average target price over the next 12 months is $15.21. Based on these targets, LZ could surge 64.73% to reach the target high and fall by -12.79% to reach the target low. Reaching the average price target will result in a growth of 47.38% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LZ stock several times over the past three months with 0 Buys and 5 Sells. In these transactions, 0 shares were bought while 107,576 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,482,917 while 407,755 shares were sold.
