LegalZoom.com Inc. (NASDAQ: LZ) has a price-to-earnings ratio that is above its average at 65.74x. The stock has a 36-month beta value of 1.09. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for LZ is 112.88M, and at present, short sellers hold a 3.04% of that float. On October 24, 2024, the average trading volume of LZ was 1.36M shares.
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LZ) stock’s latest price update
LegalZoom.com Inc. (NASDAQ: LZ)’s stock price has soared by 2.60 in relation to previous closing price of 6.92. Nevertheless, the company has seen a gain of 3.05% in its stock price over the last five trading days. globenewswire.com reported 2024-10-15 that LegalZoom proudly announces the success of its Fast Break for Small Business grant program, a three-year initiative that awarded $6 million in grants.
LZ’s Market Performance
LegalZoom.com Inc. (LZ) has seen a 3.05% rise in stock performance for the week, with a 9.06% gain in the past month and a 4.72% surge in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 2.67% for LZ. The simple moving average for the past 20 days is 6.57% for LZ’s stock, with a -22.26% 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 8.23% 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 -48.33% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +6.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.53% upper at present.
During the last 5 trading sessions, LZ rose by +2.47%, which changed the moving average for the period of 200-days by -34.20% in comparison to the 20-day moving average, which settled at $6.66. In addition, LegalZoom.com Inc. saw -37.17% 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 1.67. 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
To sum up, LegalZoom.com Inc. (LZ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
