Citizens JMP Reiterates Market Perform Rating on LegalZoom.com Inc (LZ)

Citizens JMP analyst Andrew Boone reiterated a Market Perform rating and {REMOVEPT} price target on LegalZoom.com Inc (NASDAQ: LZ).

The analyst commented, “We maintain our Market Perform rating on LegalZoom. We continue to think LegalZoom's strategic position as the first service that ~1/3 of its business formation customers buy is incredibly valuable. Additionally, the company is making progress with its subscriptions and toward high-value customers, though given how early it is in the process of this transition, and as we believe competition within business formation remains high, we await more clarity on LegalZoom's progress before becoming more positive on shares.”

For an analyst ratings summary and ratings history on LegalZoom.com Inc click here. For more ratings news on LegalZoom.com Inc click here.

Shares of LegalZoom.com Inc closed at $7.32 yesterday.

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