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legalzoom reports strong earnings and strategic acquisition to enhance market position

UBS has reiterated a Neutral rating on LegalZoom with a $9 price target following the company's earnings report, which showed revenue of $161.7 million and adjusted EBITDA of $44.2 million, both exceeding market expectations. The recent acquisition of Formation Nation for approximately $85 million aims to enhance customer acquisition and expand service offerings. Meanwhile, JPMorgan raised its price target to $11, reflecting confidence in LegalZoom's market position despite competitive challenges.

LegalZoom Offers Comprehensive Support for Small Business Formation and Growth

LegalZoom.com, Inc. offers an online platform for business formation in the U.S., providing comprehensive legal, tax, accounting, and compliance services tailored for small businesses. Its offerings include business licensing, trademark filing, and succession planning, while also connecting clients with partner brands. The company supports new businesses throughout their life cycle with ongoing consulting and transaction products.
15:02 06.12.2024

LegalZoom.com Offers Comprehensive Services for Small Business Formation and Compliance

LegalZoom.com, Inc. offers an online platform for business formation in the U.S., providing essential legal, tax, accounting, and compliance services tailored for small businesses. Its comprehensive offerings include business licenses, trademark filings, estate planning, and virtual mailbox solutions, while also connecting clients with partner brands. The company serves as a vital resource throughout the business lifecycle, ensuring that small business owners and their families have access to necessary expertise and products.
15:02 06.12.2024

LegalZoom.com Receives Mixed Analyst Ratings Amid Institutional Investor Interest

LegalZoom.com, Inc. operates an online platform catering to the legal and business needs of small businesses and consumers in the U.S., offering services like business formation, intellectual property products, and tax services. Currently, 81.99% of its stock is owned by institutional investors, and the company has received mixed ratings from analysts, with a consensus rating of "Hold" and an average target price of $8.79. Recently, shares opened at $8.05, reflecting a 1.8% decline, while the company reported a quarterly earnings per share of $0.17, surpassing estimates.
14:13 06.12.2024
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