LegalZoom.com(LZ)

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LegalZoom and 1-800Accountant Join Forces to Deliver Full-Service Tax and Bookkeeping Solutions for Small Business Owners
Newsfilter· 2024-12-16 14:00
MOUNTAIN VIEW, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- LegalZoom (NASDAQ:LZ), a leading online platform for legal services, is pleased to announce a multi-year strategic partnership with 1-800Accountant, a national financial services firm. With this partnership, LegalZoom will offer customers access to year-round, full-service bookkeeping and tax solutions delivered by 1-800Accountant, ensuring small business owners can access tax preparation support that best meets their needs. This collaboration enhance ...
Robbins LLP Informs LegalZoom.com, Inc. Stockholders that it is Investigating the Officers and Directors of LZ to Determine if They Breached Fiduciary Duties Owed to Shareholders
GlobeNewswire News Room· 2024-12-12 03:35
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP is investigating LegalZoom.com, Inc. (NASDAQ: LZ) 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. What Now: If you own shares of LegalZoom. ...
LegalZoom Helps Small Businesses Protect Their Brand from Copycats in the Age of AI
GlobeNewswire News Room· 2024-12-05 14:00
MOUNTAIN VIEW, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- As small businesses face increasing competition in the digital age, LegalZoom (Nasdaq:LZ), a leading online platform for legal services, urges small business owners to safeguard their intellectual property through trademark registration and other protection measures. While the rise of artificial intelligence (AI)-powered tools can simplify business processes, they have also made it easier for competitors to copy branding elements, products, and servic ...
LegalZoom Expands Partnership with Defy Ventures to Prioritize Mental Health for Incarcerated and Formerly Incarcerated Individuals
GlobeNewswire News Room· 2024-11-21 21:30
MOUNTAIN VIEW, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- LegalZoom (Nasdaq: LZ) is proud to announce the expansion of its partnership with Defy Ventures, a nonprofit organization dedicated to providing career readiness, personal development, and entrepreneurship training to currently and formerly incarcerated individuals. The expanded partnership will include funding for mental health and wellbeing programs, reinforcing LegalZoom’s commitment to creating pathways to economic opportunity for underrepresented ...
Why LegalZoom Stock Was Rocketing Higher This Week
The Motley Fool· 2024-11-08 12:35
The company released its latest set of quarterly results to a very receptive and accepting market.LegalZoom (LZ 13.13%) stock, which has rarely been much of an outperformer on the market, did very well over the past few trading days. On news of solid quarterly performance, investors piled into the stock. This left it with an outsize gain in price of over 27% week to date as of Friday before market open, according to data compiled by S&P Global Market Intelligence.A (slight) set of double beatsThose quarterl ...
LegalZoom (LZ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-07 00:00
Core Insights - LegalZoom reported $168.6 million in revenue for Q3 2024, a year-over-year increase of 0.8% and a surprise of +0.83% over the Zacks Consensus Estimate of $167.21 million [1] - The EPS for the same period was $0.17, compared to $0.12 a year ago, with a surprise of +6.25% over the consensus estimate of $0.16 [1] Financial Performance Metrics - Average revenue per subscription unit (ARPU) was $0.26 million, slightly below the average estimate of $0.27 million [3] - The number of subscription units reached 1,717, exceeding the average estimate of 1,617 [3] - Average Order Value was $227, lower than the average estimate of $242.87 [3] - Number of transaction units was 255, above the average estimate of 243 [3] - Business formations numbered 113, below the average estimate of 132 [3] - Subscription revenue was $110.72 million, surpassing the estimated $108.10 million, reflecting a +6% change year-over-year [3] - Transaction revenue was $57.88 million, slightly below the average estimate of $59.15 million, with a +0.9% year-over-year change [3] Stock Performance - LegalZoom shares have returned +16% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]
LegalZoom (LZ) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-06 23:26
LegalZoom (LZ) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this online platform for legal services would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.Over the last four quar ...
LegalZoom.com(LZ) - 2024 Q3 - Quarterly Report
2024-11-06 21:31
Table of Contents ___________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share LZ The Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the three months ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
LegalZoom.com(LZ) - 2024 Q3 - Quarterly Results
2024-11-06 21:10
Exhibit 99.1 LEGALZOOM LegalZoom Reports Third Quarter 2024 Financial Results • Third quarter subscription revenue of $110.7 million, an increase of 5% year-over-year • Meaningful preliminary progress towards initiatives to grow subscription business; 300 basis point increase in subscription revenue mix year-over-year • Record third quarter Net Income of $11.1 million and Net Income margin of 7% • Record third quarter Adjusted EBITDA of $47.1 million and Adjusted EBITDA margin of 28% • Share repurchases of ...
LegalZoom Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-06 21:01
Third quarter subscription revenue of $110.7 million, an increase of 5% year-over-yearMeaningful preliminary progress towards initiatives to grow subscription business; 300 basis point increase in subscription revenue mix year-over-yearRecord third quarter Net Income of $11.1 million and Net Income margin of 7%Record third quarter Adjusted EBITDA of $47.1 million and Adjusted EBITDA margin of 28%Share repurchases of $24.7 million reduced outstanding shares by 2%; increased existing share repurchase authoriz ...