How to Buy Legalzoomcom Stock
Legalzoomcom Inc
LegalZoom. com, Inc. operates an online platform for legal and compliance solutions in the United States.
Legalzoomcom stock last closed at $12.48, up 1.71% from the previous day, and has increased 34.92% in one year. It has overperformed other stocks in the Specialty Business Services industry by 0.09 percentage points. Legalzoomcom stock is currently +81.13% from its 52-week low of $6.89, and -20.41% from its 52-week high of $15.68.
As of Apr 26, 2024, there are 187.93M LZ shares outstanding. The market cap of LZ is $2.35B. In the last 24 hours, 997,256 LZ shares were traded.
How to Buy Legalzoomcom Stock
Wondering how to invest in Legalzoomcom stock? Here's how.
- Decide where to buy Legalzoomcom stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Legalzoomcom stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Research Legalzoomcom stock: The Legalzoomcom ticker symbol is LZ. Is Legalzoomcom stock a good investment? Should you buy shares of LZ? How do LZ's underlying business fundamentals look? Do top analysts think Legalzoomcom is a good buy? Why has LZ's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if LZ is a good stock to buy).
- Make your LZ purchase: Decide if you will purchase LZ shares at the current market price or use a limit order to buy LZ shares at a specific price.
- Keep an eye on your LZ position: Create a watchlist to watch your investment in Legalzoomcom stock.
Step 1: Decide where to buy Legalzoomcom stock
You need a brokerage account to access the NASDAQ market and buy LZ stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can buy LZ stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your investment account.
Step 4: Research Legalzoomcom stock
After you have decided on the best place to buy Legalzoomcom stock, it's absolutely critical to evaluate their stock before you invest, so you can understand the risk and opportunity.
Legalzoomcom shares quick numbers
Legalzoomcom Due Diligence Checks
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on LZ's stock page.
How is LZ stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge LZ's fair value.
Using relative valuations metrics:
- LZ may be overvalued based on its P/E ratio of 178.29x, relative to Specialty Business Services industry P/E ratio of 35.47x
- LZ may be overvalued based on its P/B ratio of 13.89x, relative to Specialty Business Services industry P/B ratio of 4.79x
- LZ may be overvalued based on its PEG ratio of 2.44x
You can do more valuation research on LZ's stock here.
Is LZ a healthy company?
Pros:
- LZ's operating cash flow of $124.31M allows it to safely service it's debt of $9.02M.
- LZ profit margin has gone up from -7.9% to 2.1% in the past year.
- LZ earnings of $31.99M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the LZ balance sheet.
- There are more short-term assets than short-term liabilities on the LZ balance sheet.
Cons:
- LZ has a relatively high debt to equity ratio of 1.65.
Do analysts think it's a good time to buy Legalzoomcom stock
Out of 4 Equities analysts who give recommendations on LZ, the consensus analyst rating on LZ is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Legalzoomcom stock forecast page.
LZ Technical Indicators
How are LZ Revenues/Earnings doing?
Last year, LZ earnings were $13.95M. Over the past 4 year, LZ's earnings have increased by 15.02% per year. This was faster than the Specialty Business Services industry average of 11.63%.
Last year, LZ revenue was $660.73M. During the past 4 year, LZ's revenue has gone up by 12.78% per year. This was faster than the Specialty Business Services industry average of 10.75%.
You can analyze LZ's earnings and revenue performance here.
What are LZ insiders up to?
Over the past year, insiders at LZ have sold more shares than they have bought.
Richard Preece, Chief Operating Officer of LZ, was the latest LZ insider to sell. They sold $124,614.54 worth of LZ stock on Mar 15, 2024.
Dig into more about who owns LZ shares here.
Can I get consistent income from LZ stock?
No, Legalzoomcom doesn't provide an income stream by paying out dividends.
What others are saying about LZ
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your LZ purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your LZ position
Now that you own some LZ stock, you'll want to stay up-to-date on your new shares.
Put LZ on a watchlist to track your LZ stock.
LZ Feed
How to Buy Stock in Legalzoomcom
To reiterate, here are the 6 steps to buy stock in Legalzoomcom:
- Decide where to buy Legalzoomcom stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Legalzoomcom stock
- Make your LZ purchase
- Keep an eye on your LZ position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Legalzoomcom, click below.
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