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The closing price of LegalZoom.com Inc. (NASDAQ: LZ) was $6.89 for the day, up 0.44% from the previous closing price of $6.86. In other words, the price has increased by $0.44 from its previous closing price. On the day, 0.51 million shares were traded. LZ stock price reached its highest trading level at $6.9 during the session, while it also had its lowest trading level at $6.77.
Ratios:
Our analysis of LZ’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.10.
On July 31, 2024, Jefferies Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $8.
JP Morgan Downgraded its Overweight to Neutral on July 10, 2024, whereas the target price for the stock was revised from $14 to $9.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 13 ’24 when Wernikoff Daniel A bought 226,190 shares for $5.77 per share.
Miller Nicole sold 13,727 shares of LZ for $125,877 on May 17 ’24. The CHIEF LEGAL OFFICER now owns 338,956 shares after completing the transaction at $9.17 per share. On May 16 ’24, another insider, Watson Noel Bertram, who serves as the Chief Financial Officer of the company, sold 25,000 shares for $9.44 each. As a result, the insider received 236,000 and left with 748,912 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LZ now has a Market Capitalization of 1209966720 and an Enterprise Value of 1099056384. As of this moment, LegalZoom.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.80, and their Forward P/E ratio for the next fiscal year is 12.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.79 while its Price-to-Book (P/B) ratio in mrq is 19.97. Its current Enterprise Value per Revenue stands at 1.622 whereas that against EBITDA is 27.736.
Stock Price History:
Over the past 52 weeks, LZ has reached a high of $13.74, while it has fallen to a 52-week low of $5.33. The 50-Day Moving Average of the stock is 7.04%, while the 200-Day Moving Average is calculated to be -25.30%.
Shares Statistics:
LZ traded an average of 1.44M shares per day over the past three months and 782080 shares per day over the past ten days. A total of 188.54M shares are outstanding, with a floating share count of 112.88M. Insiders hold about 35.72% of the company’s shares, while institutions hold 57.23% stake in the company. Shares short for LZ as of 1727654400 were 3436530 with a Short Ratio of 2.39, compared to 1724976000 on 4277786. Therefore, it implies a Short% of Shares Outstanding of 3436530 and a Short% of Float of 2.7.
