Core Insights - LegalZoom has partnered with BusinessLoans.com to enhance access to capital for small business owners, addressing a critical need for funding in the early stages of business development [12][1] - The partnership aims to provide a streamlined process for small businesses to secure loans and credit options directly through the LegalZoom platform, leveraging BusinessLoans.com's marketplace capabilities [7][8] Company Overview - LegalZoom is the leading online platform for business formation in the United States, offering a range of legal, tax, and compliance products to support small business owners [3] - The company is committed to making legal and financial expertise accessible and affordable, empowering entrepreneurs to realize their business aspirations [3][6] Market Context - According to Forbes, 38% of small businesses fail due to cash reserve exhaustion or inability to secure additional capital, highlighting the importance of access to funding [6] - Only 35% of small business owners manage to obtain a business loan or credit card within their first year, indicating a significant gap in financial support for new entrepreneurs [1][6] Partnership Details - BusinessLoans.com offers a variety of financial products, including secured loans and credit-building options, tailored to the specific needs of small businesses [7][13] - The partnership allows customers to apply for funding without leaving the LegalZoom site, simplifying the borrowing process through a guided questionnaire [8][12]

Quarterly earnings raised concerns Even in good times, online legal services are a relatively slow-growth and fragmented industry. LegalZoom has a handful of established competitors, but thousands of online legal service businesses collectively hold nearly three-quarters of the market share. It's difficult for any of these platforms to differentiate themselves. Shares of LegalZoom (LZ -0.35%) tumbled 26.5% in May, according to data from S&P Global Market Intelligence. The stock moved sharply lower following ...

MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company's existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approxima ...

MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company's existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approxima ...

A live audio webcast and replay of the Jefferies Software Conference presentation will be available on the LegalZoom Investor Relations website at https://investors.legalzoom.com. About LegalZoom investor@legalzoom.com MOUNTAIN VIEW, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that Dan Wernikoff, Chief Executive Officer, and Noel Watson, Chief Financial Officer, will participate in the following upcoming inv ...

MOUNTAIN VIEW, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that Dan Wernikoff, Chief Executive Officer, and Noel Watson, Chief Financial Officer, will participate in the following upcoming investor conferences: A live audio webcast and replay of the Jefferies Software Conference presentation will be available on the LegalZoom Investor Relations website at https://investors.legalzoom.com. About LegalZoom Lega ...

Core Viewpoint - LegalZoom (LZ) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that affect stock prices [4]. LegalZoom's Earnings Outlook - LegalZoom's earnings estimates for the fiscal year ending December 2024 are projected at $0.53 per share, reflecting a 29.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for LegalZoom has risen by 8.1%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - LegalZoom's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [11].

The market was clearly unimpressed by the company's inaugural quarterly earnings release of the year.Although the broader stock market traded flat on Wednesday, numerous titles were outliers in terms of their price movements. Unfortunately for its investors, LegalZoom (LZ -23.87%) was one of them, and not positively. The company's share price tumbled by nearly 24% after it divulged first-quarter results.A pair of narrow quarterly missesThose figures were made public after market hours Tuesday, and they reve ...

LegalZoom (LZ) reported $174.21 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5%. EPS of $0.09 for the same period compares to $0.07 a year ago.The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $174.87 million. With the consensus EPS estimate being $0.10, the EPS surprise was -10.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

LegalZoom (LZ) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this online platform for legal services would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters ...