LegalZoom.com Inc. [NASDAQ: LZ] loss -23.87% on the last trading session, reaching $9.28 price per share at the time.
If compared to the average trading volume of 1.33M shares, LZ reached a trading volume of 4305042 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about LegalZoom.com Inc. [LZ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LZ shares is $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LZ stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for LegalZoom.com Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on March 27, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on February 07, 2024, representing the official price target for LegalZoom.com Inc. stock. Previously, the target price had yet another raise to $12.25, while BofA Securities analysts kept a Buy rating on LZ stock.
The Average True Range (ATR) for LegalZoom.com Inc. is set at 0.56, with the Price to Sales ratio for LZ stock in the period of the last 12 months amounting to 2.62. The Price to Book ratio for the last quarter was 10.44, with the Price to Cash per share for the same quarter was set at 1.21. Price to Free Cash Flow for LZ in the course of the last twelve months was 18.33 with Quick ratio for the last quarter at 1.02.
Trading performance analysis for LZ stock
LegalZoom.com Inc. [LZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.68. With this latest performance, LZ shares dropped by -29.21% in over the last four-week period, additionally sinking by -10.08% over the last 6 months – not to mention a rise of 16.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LZ stock in for the last two-week period is set at 20.72, with the RSI for the last a single of trading hit 15.35, and the three-weeks RSI is set at 26.07 for LegalZoom.com Inc. [LZ]. The present Moving Average for the last 50 days of trading for this stock 12.68, while it was recorded at 11.50 for the last single week of trading, and 11.56 for the last 200 days.
LegalZoom.com Inc. [LZ]: A deeper dive into fundamental analysis
LegalZoom.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.02.
LegalZoom.com Inc. [LZ]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for LegalZoom.com Inc. go to 41.80%.
An analysis of Institutional ownership at LegalZoom.com Inc. [LZ]
The top three institutional holders of LZ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LZ stock with ownership which is approximately 5.8386%.
