LegalZoom (NASDAQ: LZ) fell some 15% Thursday to a post-IPO low after the legal-documents platform missing analyst expectations for its Q3 earnings. LZ's stock price sank as much as 17% to a $19.74 intraday record low before partly recovering to end the session off 16.3% at $19.91.
What is the upside for LegalZoom (LZO) stock?
Their forecasts range from $19.00 to $48.00. On average, they anticipate LegalZoom.com's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 106.5% from the stock's current price. View analysts' price targets for LegalZoom.com or view top-rated stocks among Wall Street analysts.
Is LegalZoom's stock a buy for dividend growth?
LegalZoom.com does not have a long track record of dividend growth. In the past three months, LegalZoom.com insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,771,850.00 in company stock. 40.89% of the stock of LegalZoom.com is held by institutions.
What is LegalZoom com's stock symbol?
What is LegalZoom.com's stock symbol? LegalZoom.com trades on the NASDAQ under the ticker symbol "LZ." When did LegalZoom.com's lock-up period expire? LegalZoom.com's lock-up period expired on Monday, December 27th. LegalZoom.com had issued 19,121,000 shares in its public offering on June 30th.
What are analysts'target prices for LegalZoom's stock?
10 brokerages have issued 12 month target prices for LegalZoom.com's stock. Their forecasts range from $19.00 to $48.00. On average, they anticipate LegalZoom.com's stock price to reach $33.50 in the next twelve months.
Is LegalZoom a good stock?
LegalZoom.com, Inc. (NASDAQ:LZ) is an exciting company with a disruptive business model. Like many tech stocks, LegalZoom is high margin with impressive growth rates. On the flip side, that growth is accompanied with large amounts of marketing expenses and shareholder dilution.
Who owns LegalZoom?
Brian LiuBrian Liu: I think it's two things. One, is it is not in my nature to not be involved in the day to day of the business. At one point at LegalZoom, I stepped away from day-to-day duties, and spent some time developing real estate. I will tell you, I was miserable.
Why did zoom stock go down?
Zoom's 14% decline was driven by a falling valuation. It became cheaper relative to sales and expected earnings. These dynamics become even more clear when Zoom's price chart is compared to peers RingCentral and Atlassian. All three stocks were clearly influenced by the same market sentiment.
When LegalZoom goes public how much will each share be?
LegalZoom prices IPO at $28 a share, above proposed price range of $24 to $27 - MarketWatch.
Is LegalZoom profitable?
LegalZoom reported $9.9 million in profits for the year ended Dec. 31 from income of $7.4 million in 2019. Revenue rose 15% to $470.6 million for the year ended Dec.
Is LegalZoom going public?
Among the flood of recent IPOs is LegalZoom.com (LZ 0.00%). This legal services platform went public on June 30 with the IPO pricing at $28.00 per share.
Will Zoom bounce back?
But revenue growth for Zoom stock has slowed as in-person meetings resume and workers return to offices. Zoom reaffirmed its fiscal 2023 revenue growth guidance of 11%. Zoom's cloud-based software sets up video calls, with chat tools available. Also, customers can easily share content.
Is Zoom a buy hold or sell?
Zoom Video Communications has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 13 buy ratings, 14 hold ratings, and no sell ratings.
What is the future of Zoom stock?
Zoom Video Communications (ZM -5.58%) stock is having a rough start to the year in 2022. The stock is down 40% as the markets fall out of love with growth stocks. Rising inflation has forced the Federal Reserve to increase interest rates, which work to decrease the present value of future cash flows.
What is LegalZoom net worth?
$2.55BHow much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. LegalZoom net worth as of May 27, 2022 is $2.55B.
Is LegalZoom a tech company?
LegalZoom.com, Inc. is an online legal technology company that helps its customers create legal documents without necessarily having to hire a lawyer.
When did LZ go public?
The shares are expected to begin trading on the Nasdaq Global Select Market on June 30, 2021 under the symbol "LZ" and the offering is expected to close on July 2, 2021, subject to customary closing conditions.
Is LegalZoom.com a buy right now?
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LegalZoom.com in the last twelve months. There are currently 4 h...
When is LegalZoom.com's next earnings date?
LegalZoom.com is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Legal...
How were LegalZoom.com's earnings last quarter?
LegalZoom.com, Inc. (NASDAQ:LZ) released its earnings results on Thursday, May, 12th. The company reported ($0.05) earnings per share for the quart...
What guidance has LegalZoom.com issued on next quarter's earnings?
LegalZoom.com updated its second quarter 2022 earnings guidance on Thursday, May, 26th. The company provided EPS guidance of for the period. The co...
What price target have analysts set for LZ?
10 equities research analysts have issued 1-year price objectives for LegalZoom.com's stock. Their forecasts range from $16.00 to $40.00. On averag...
Who are LegalZoom.com's key executives?
LegalZoom.com's management team includes the following people: Mr. Daniel A. Wernikoff , CEO & Director (Age 50, Pay $1.05M) Mr. Noel B. Watson...
Who are some of LegalZoom.com's key competitors?
Some companies that are related to LegalZoom.com include Clarivate (CLVT) , Zynga (ZNGA) , DXC Technology (DXC) , Toast (TOST) , Bilibili (BIL...
When did LegalZoom.com IPO?
(LZ) raised $488 million in an IPO on Wednesday, June 30th 2021. The company issued 19,121,000 shares at $24.00-$27.00 per share.
What is LegalZoom.com's stock symbol?
LegalZoom.com trades on the NASDAQ under the ticker symbol "LZ."
What is the legal zoom symbol?
LegalZoom.com trades on the NASDAQ under the ticker symbol "LZ."
What is the P/B ratio of LegalZoom?
LegalZoom.com has a P/B Ratio of 19.33. P/B Ratio s above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Why are insiders prevented from issuing any research reports or earnings estimates for the company?
During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations.
When does LegalZoom's quiet period end?
LegalZoom.com's quiet period expires on Monday, August 9th. LegalZoom.com had issued 19,121,000 shares in its initial public offering on June 30th. The total size of the offering was $535,388,000 based on an initial share price of $28.00.
Does LegalZoom pay dividends?
LegalZoom.com does not currently pay a dividend.
How much is LegalZoom revenue in 2020?
In 2020, LegalZoom's revenue rose year-over-year to $471 million from $408 million.
When did LegalZoom go public?
LegalZoom (LZ) made its public market debut on Jun. 30 alongside Taboola (TBLA) and China’s Uber-like DiDi Global (DIDI). LZ stock popped up more than 35 percent on its first day of trading. What’s LegalZoom.com's stock forecast, and is it a good investment?
How to get exposure to legal tech?
If you want to get exposure to the legal tech industry through LegalZoom stock, you’ll need to open a brokerage account. You can set up an account for free in minutes with online brokers such as Robinhood, SoFi, and Webull. Once you create the account, you’ll need fund it, decide how many LegalZoom shares you want to buy, and place your order.
What is legal zoom?
LegalZoom is an online legal services company, making it a part of the rapidly burgeoning legal tech industry. It offers an array of services to mostly small businesses.
Is Rocket Lawyer a private company?
There are dozens of online legal service companies out there, including Rocket Lawyer, but they’re private. That may explain why investors rushed to buy LegalZoom stock. Also, the IPO has been long anticipated after the company cancelled its first plans to go public in 2014. Article continues below advertisement.
Is there a rush to sell LZ stock?
However, that small decline suggests most investors are in no rush to sell LZ stock. There may be more selling when the market opens, but it's likely to be limited, considering LegalZoom offers rare exposure to the lucrative legal tech industry.
Will LegalZoom (LZ) stock rise or fall after its IPO?
Some investors appeared to be booking early profits after the successful LegalZoom IPO, causing LZ stock to retreat by 3 percent in premarket trading on Jul. 1. However, that small decline suggests most investors are in no rush to sell LZ stock.
LegalZoom.com Insider Transactions Over The Last Year
Notably, that recent sale by Noel Watson is the biggest insider sale of LegalZoom.com shares that we've seen in the last year. That means that even when the share price was slightly below the current price of US$17.96, an insider wanted to cash in some shares.
Insiders at LegalZoom.com Have Sold Stock Recently
The last quarter saw substantial insider selling of LegalZoom.com shares. In total, insiders sold US$1.8m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that LegalZoom.com insiders own about US$9.2m worth of shares (which is 0.3% of the company).
So What Does This Data Suggest About LegalZoom.com Insiders?
Insiders sold LegalZoom.com shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we're not rushing to buy, to say the least.
How LegalZoom Got Started
LegalZoom is a Glendale, California-based legal technology company founded in March 2001. The platform offers a variety of legal documents, such as wills and trusts.
Why Is LegalZoom Stock Dropping?
Although it has somewhat of a moat LegalZoom does have stiff competition. Services like Rocket Lawyer, Nolo, BetterLegal, and LegalShield directly compete in the legal services arena. In addition, several services like Incfile, ZenBusiness, and CorpNet specifically focus on providing outsourced services to small businesses.
The Final Verdict on LegalZoom
LegalZoom offers a variety of legal and other professional services to its growing client base. Although small businesses face the same regulatory hurdles as corporations, they don’t have access to in-house counsel. This keeps LegalZoom in business, and it’s a booming business albeit with fierce competition.
