LegalZoom: The Pivot To Subscriptions Is Thriving
LegalZoom is poised for growth due to its pivot to a subscription-based model, stabilizing revenue and reducing reliance on transactions. LZ stock's ~20% YTD drop presents a buying opportunity, supported by strong subscription revenue growth despite weaker transactional revenue. LegalZoom's large $50 billion TAM and potential backlog of new business formations could further boost its growth prospects.
LegalZoom: Reiterate Buy Rating As Performance Should Get Better From Here
I reiterate my buy rating for LegalZoom stock despite recent poor performance, as I expect growth improvements driven by an improving macro environment and strategic initiatives. LZ's revenue growth decelerated significantly, but recent uptick in business formation applications and macroeconomic improvements suggest the worst is over. LZ's focus on higher-intent customers, AI enhancements, and subscription-based products should drive growth and improve EBITDA margins above 25%.
Why LegalZoom Stock Was Rocketing Higher This Week
The company released its latest set of quarterly results to a very receptive and accepting market.
LegalZoom.com, Inc. (LZ) Q3 2024 Earnings Call Transcript
LegalZoom.com, Inc. (LZ) Q3 2024 Earnings Call Transcript
LegalZoom (LZ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for LegalZoom (LZ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
LegalZoom (LZ) Surpasses Q3 Earnings and Revenue Estimates
LegalZoom (LZ) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago.
LegalZoom: Buy The Weakness And Hold On For Value
Initiating LegalZoom at a buy rating after a sharp ~40% YTD decline. The company has a new CEO and has laid off 15% of its workers, with an eye to regaining margin momentum in the second half of 2024. The company is also de-emphasizing business formation to focus on more stable subscription offerings.
LegalZoom.com, Inc. Is Being Investigated For Securities Law Violations And The Schall Law Firm Invites Shareholder Participation
LOS ANGELES, CA / ACCESSWIRE / October 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. ("Legal Zoom" or "the Company") (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Investors Are Urged To Join The Schall Law Firm's Inquiry Into LegalZoom.com Inc For Possible Securities Fraud
LOS ANGELES, CA / ACCESSWIRE / October 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. ("Legal Zoom" or "the Company") (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LegalZoom.com, Inc. Is Being Investigated For Securities Law Violations And The Schall Law Firm Encourages Impacted Shareholders To Reach Out
LOS ANGELES, CA / ACCESSWIRE / September 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. ("Legal Zoom" or "the Company") (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Investors Are Urged To Join The Schall Law Firm's Inquiry Into LegalZoom.com Inc For Possible Securities Fraud
LOS ANGELES, CA / ACCESSWIRE / September 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. ("Legal Zoom" or "the Company") (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LegalZoom.com, Inc. Is Being Investigated For Violating Securities Laws And The Schall Law Firm Encourages Affected Shareholders To Reach Out
LOS ANGELES, CA / ACCESSWIRE / September 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LegalZoom.com, Inc. ("Legal Zoom" or "the Company") (NASDAQ:LZ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
