In a report released today, Mike McGovern from Bank of America Securities maintained a Buy rating on LegalZoom (LZ – Research Report). The company’s shares opened today at $13.17.
According to TipRanks, McGovern is a 3-star analyst with an average return of 3.1% and a 59.09% success rate.
Currently, the analyst consensus on LegalZoom is a Moderate Buy with an average price target of $13.50, representing a 2.51% upside. In a report released on March 22, J.P. Morgan also maintained a Buy rating on the stock with a $16.00 price target.
Based on LegalZoom’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $158.66 million and a net profit of $7.38 million. In comparison, last year the company earned a revenue of $146.63 million and had a net profit of $1.74 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LZ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
LegalZoom (LZ) Company Description:
LegalZoom.com Inc is an online provider of services that meet the legal needs of small businesses and consumers in the United States.
Read More on LZ:
