MOUNTAIN VIEW, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) today announced that the Company's current Chairman of the Board of Directors, Jeffrey Stibel, has been named LegalZoom's next CEO, effective immediately. LegalZoom has also appointed John Murphy as the Lead Independent Director of the Board. As part of this transition, current Chief Executive Officer Dan Wernikoff will be departing the Company, including resigning from the Board. Mr. Stibel joined the Board of LegalZo ...

John Murphy named Lead Independent Director "The Board identified Jeff as the ideal CEO to lead LegalZoom's next chapter," said Mr. Murphy. "He is a seasoned executive who has been a deeply involved member of the Board for nearly a decade, including serving in a leadership position as Chairman since 2018. Jeff possesses extensive knowledge of the Company's product offerings, technology infrastructure, and attorney network, as well as the competitive landscape and customer segment. He also brings ideal exper ...

"Customers consistently say that getting a business loan is critical to making their dreams a reality," said Kathy Tsitovich, Chief Corporate Development and Partnerships Officer of LegalZoom. "By partnering with BusinessLoans.com, we're eager to see how customers respond to this new addition within the LegalZoom ecosystem and how that early access to additional funding can make a difference in their journey." For many customers, access to funding early on in their business journey is difficult with traditi ...

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 ...

LegalZoom (LZ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing ...

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 ...