JP Morgan Reiterates Buy Rating on LZ
JP Morgan maintains a buy rating on LZ, targeting a price of $8, a 38.89% upside from the current price.
Key Points
- JP Morgan reiterated its buy rating on LZ on June 24, 2026, with a price target of $8.
- JP Morgan's $8 price target implies 38.89% upside from LegalZoom.com, Inc.'s ($LZ) current $5.76 share price.
- Shares of LZ traded at $5.86 on Wednesday, reflecting the ongoing market sentiment.
- Insiders including Nathan Gooden and Elizabeth Hamren bought shares on June 3, 2026.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
JP Morgan has reiterated its buy rating on LZ with a price target of $8. Analyst Ella Smith shared this update on June 24, 2026. Shares of LZ were trading at $5.86 on Wednesday.
JP Morgan vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in LZ
Several institutional investors have been active in LZ. BlackRock, Inc. increased its holdings by 6,507,128 shares, reaching a total of 17,934,404 shares valued at about $101.7 million, marking a 56.9% increase. State Street Corp also boosted its position by 1,760,650 shares to 4,419,707 shares, worth approximately $25.1 million, a 66.2% rise. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 11,301,854 and 6,941,986 shares, respectively.
LegalZoom.com, Inc. Stock Down 6.3%
LZ's stock was trading around $5.86 on Wednesday. The company's stock has seen various movements, with a recent activity in its institutional holdings possibly influencing its market performance.
$LZ price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at LegalZoom.com, Inc.
On June 3, 2026, insiders Nathan Gooden, Elizabeth Hamren, John Francis Murphy, and Sivan Whiteley each purchased 35,585 shares. On the selling side, Nicole Miller, the Chief Legal Officer, sold 19,199 shares at $6.58 on May 19, 2026, under a Rule 10b5-1 plan. Similarly, Noel Bertram Watson, COO and CFO, sold 15,000 shares at $6.45 on May 18, 2026, also under a planned selling strategy.
Analysts Set New Price Targets
On June 24, 2026, JP Morgan maintained its buy rating on LZ with a price target of $8. Citigroup previously maintained a hold rating with a target of $7.5 on May 22, 2026. UBS also maintained a hold rating with a $7 target on May 7, 2026. The consensus among analysts indicates a mixed outlook with varying price targets.
Bottom Line
JP Morgan's reaffirmation of its buy rating on LZ, with an $8 target, shows confidence in the company's potential. Institutional activity and insider transactions provide additional context to the stock's market dynamics. As always, it's important to note that 13F filings and analyst ratings are backward-looking and may not reflect the current state of affairs.
Get LegalZoom.com, Inc. alerts
New 13F filings, insider trades, and analyst moves on $LZ, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.