The stock price of LegalZoom.com Inc. (NASDAQ: LZ) has dropped by -1.19 compared to previous close of 6.75. Despite this, the company has seen a gain of 2.93% in its stock price over the last five trading days. accesswire.com reported 2024-09-18 that LOS ANGELES, CA / ACCESSWIRE / September 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. (“Legal Zoom” or “the Company”) (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in LegalZoom.com Inc. (NASDAQ: LZ) Right Now?
The price-to-earnings ratio for LegalZoom.com Inc. (NASDAQ: LZ) is above average at 61.76x. The 36-month beta value for LZ is also noteworthy at 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
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The public float for LZ is 112.88M, and at present, short sellers hold a 3.79% of that float. The average trading volume of LZ on September 19, 2024 was 1.98M shares.
LZ’s Market Performance
The stock of LegalZoom.com Inc. (LZ) has seen a 2.93% increase in the past week, with a 7.93% rise in the past month, and a -17.76% fall in the past quarter. The volatility ratio for the week is 3.44%, and the volatility levels for the past 30 days are at 3.19% for LZ. The simple moving average for the past 20 days is 2.11% for LZ’s stock, with a -31.49% simple moving average for the past 200 days.
Analysts’ Opinion of LZ
Jefferies, on the other hand, stated in their research note that they expect to see LZ reach a price target of $8. The rating they have provided for LZ stocks is “Buy” according to the report published on July 31st, 2024.
JP Morgan gave a rating of “Neutral” to LZ, setting the target price at $9 in the report published on July 10th of the current year.
LZ Trading at 4.55% from the 50-Day Moving Average
After a stumble in the market that brought LZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.46% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 3.44%, as shares surge +6.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.03% lower at present.
During the last 5 trading sessions, LZ rose by +2.93%, which changed the moving average for the period of 200-days by -42.15% in comparison to the 20-day moving average, which settled at $6.55. In addition, LegalZoom.com Inc. saw -40.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LZ starting from Wernikoff Daniel A, who proposed sale 226,190 shares at the price of $5.77 back on Aug 13 ’24. After this action, Wernikoff Daniel A now owns shares of LegalZoom.com Inc., valued at $1,306,051 using the latest closing price.
Miller Nicole, the CHIEF LEGAL OFFICER of LegalZoom.com Inc., sale 13,727 shares at $9.17 during a trade that took place back on May 17 ’24, which means that Miller Nicole is holding 338,956 shares at $125,877 based on the most recent closing price.
Stock Fundamentals for LZ
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.62 for the gross margin
The net margin for LegalZoom.com Inc. stands at 0.03. The total capital return value is set at 0.36. Equity return is now at value 18.31, with 5.19 for asset returns.
Based on LegalZoom.com Inc. (LZ), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 14.12. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 64.63.
Currently, EBITDA for the company is 52.96 million with net debt to EBITDA at -1.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 28.53for trailing twelve months and the total asset turnover is 1.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
In summary, LegalZoom.com Inc. (LZ) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
