LegalZoom is a leading online platform for legal and compliance solutions in the United States that is on a mission to democratize law. LegalZoom operates across all 50 states and over 3,000 counties in the United States and has more than 20 years of experience navigating complex regulations and simplifying the legal and compliance process for its customers. Driven by its core value that every business deserves the full protection of the legal system and a simple way to stay compliant with it, LegalZoom helps its customers form and protect their businesses, their ideas and families. In 2020, 10% of all new LLCs and 5% of all new corporations in the United States were formed through LegalZoom, enabling small business owners to apply their energy and passion to their businesses instead of the legal and regulatory complexity required to operate them. In addition to business formations, LegalZoom offers ongoing compliance and tax advice, trademark and copyright filings and estate planning documents to protect small businesses and the families that create them.
Company profile
Ticker
LZ
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LEGALZOOM COM INC
SEC CIK
Corporate docs
Subsidiaries
Earth Class Mail, Inc. • LegalZoom Texas LLC ...
LZ stock data
Analyst ratings and price targets
Current price
Average target
$11.33
Low target
$8.00
High target
$15.00
Credit Suisse
Maintains
$15.00
Morgan Stanley
Maintains
$8.00
MoffettNathanson
Initiated
$11.00
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
LegalZoom Reports Third Quarter 2022 Results
10 Nov 22
10-Q
2022 Q2
Quarterly report
11 Aug 22
8-K
LegalZoom Reports Second Quarter 2022 Results
11 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
9 Jun 22
10-Q
2022 Q1
Quarterly report
16 May 22
8-K
LegalZoom Reports First Quarter 2022 Results
12 May 22
DEFA14A
Additional proxy soliciting materials
28 Apr 22
DEF 14A
Definitive proxy
28 Apr 22
S-8
Registration of securities for employees
24 Mar 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 211.81 mm | 211.81 mm | 211.81 mm | 211.81 mm | 211.81 mm | |
| Cash burn (monthly) | 1.24 mm | 8.24 mm | 3.86 mm | 6.55 mm | (no burn) | |
| Cash used (since last report) | 2.36 mm | 15.69 mm | 7.35 mm | 12.47 mm | n/a | |
| Cash remaining | 209.45 mm | 196.12 mm | 204.46 mm | 199.34 mm | n/a | |
| Runway (months of cash) | 168.7 | 23.8 | 53.0 | 30.4 | n/a | |
Institutional ownership, Q3 2022
94.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 136 |
| Opened positions | 24 |
| Closed positions | 26 |
| Increased positions | 46 |
| Reduced positions | 38 |
| 13F shares | Current |
|---|---|
| Total value | 1.74 bn |
| Total shares | 182.91 mm |
| Total puts | 196.00 k |
| Total calls | 732.00 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Permira V L.P.2 | 38.01 mm | $610.87 mm |
| Francisco Partners Management | 28.63 mm | $245.32 mm |
| Technology Crossover Management IX | 14.30 mm | $122.57 mm |
| Institutional Venture Partners XIII | 12.94 mm | $0.00 |
| Vanguard | 9.59 mm | $82.19 mm |
| Gpi Capital | 9.54 mm | $81.77 mm |
| Institutional Venture Management XIII | 8.63 mm | $73.93 mm |
| KPCB DGF Associates | 8.31 mm | $71.22 mm |
| Wasatch Advisors | 7.10 mm | $60.83 mm |
| BLK Blackrock | 6.45 mm | $55.28 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Nov 22 | Watson Noel Bertram | Common Stock | Sell | Dispose S | No | No | 9.009 | 18,876 | 170.05 k | 555,866 |
| 17 Nov 22 | Shrisha Radhakrishna | Common Stock | Sell | Dispose S | No | No | 9.009 | 15,416 | 138.88 k | 567,142 |
| 17 Nov 22 | Nicole Miller | Common Stock | Sell | Dispose S | No | No | 9.009 | 7,037 | 63.40 k | 226,964 |
| 17 Nov 22 | Daniel A Wernikoff | Common Stock | Sell | Dispose S | No | No | 9.009 | 3,959 | 35.67 k | 408,424 |
| 17 Nov 22 | Richard Preece | Common Stock | Sell | Dispose S | No | No | 9.009 | 8,477 | 76.37 k | 414,542 |
News
Expert Ratings for LegalZoom.com
11 Nov 22
Credit Suisse Maintains Outperform on LegalZoom.com, Lowers Price Target to $15
11 Nov 22
Morgan Stanley Maintains Underweight on LegalZoom.com, Raises Price Target to $8
11 Nov 22
10 Industrials Stocks Moving In Friday's Pre-Market Session
11 Nov 22
LegalZoom.com Q3 EPS $0.05 Beats $0.04 Estimate, Sales $154.40M Beat $149.93M Estimate
10 Nov 22