LegalZoom.com Inc is a technology-driven company that provides online legal solutions and services to individuals and small businesses
Its platform allows users to access a wide range of legal documents, including wills, business formation, and trademark registration, often simplifying the process of obtaining legal assistance without the need for traditional in-person consultations with attorneys. By offering affordable and accessible legal resources, LegalZoom aims to empower users to navigate their legal needs with ease and confidence. The company also provides support services, including legal advice from licensed attorneys, enhancing its capability to serve clients in various legal matters.
Shares of online legal service provider LegalZoom (NASDAQLZ) jumped 17.5% in the afternoon session after the company delivered a strong quarter, with next quarter's EBITDA guidance surpassing analysts' expectations. Looking ahead, both revenue and EBITDA guidance for the upcoming quarter came in above expectations, signaling continued momentum. Overall, we think this was a solid quarter with some key areas of upside.
Online legal service provider LegalZoom (NASDAQLZ) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 1.9% year on year to $161.7 million. Guidance for next quarter’s revenue was better than expected at $177 million at the midpoint, 1% above analysts’ estimates. Its GAAP profit of $0.07 per share was in line with analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the online marketplace industry, including LegalZoom (NASDAQLZ) and its peers.
Shares of online legal service provider LegalZoom (NASDAQLZ) jumped 7.2% in the morning session after the stock received a double rating upgrade from JP Morgan. JP Morgan upgraded LZ's stock from Underweight (Sell) to Overweight (Buy), adding that the company is at "an inflection point." The firm added, "Accordingly, we place LegalZoom on Positive Catalyst Watch, expecting management to guide 2025E ahead of the Street for profitability during its 4Q24 earnings release (expected in February)."
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP is investigating LegalZoom.com, Inc. (NASDAQLZ) to determine whether certain LegalZoom.com officers and directors violated securities laws and breached fiduciary duties to shareholders. LegalZoom.com, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States.
Over the past six months, LegalZoom’s stock price has fallen to $7.94. Shareholders have lost 7% of their capital, highly disappointing when considering the S&P 500 has climbed 13.4%. This may have investors wondering how to approach the situation.
Looking back on online marketplace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including The RealReal (NASDAQREAL) and its peers.
Looking back on online marketplace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CarGurus (NASDAQCARG) and its peers.
Online legal service provider LegalZoom (NASDAQLZ) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $168.6 million. On the other hand, next quarter’s revenue guidance of $160 million was less impressive, coming in 1.3% below analysts’ estimates. Its GAAP profit of $0.06 per share was 29.4% above analysts’ consensus estimates.
