Why LegalZoom (LZ) Stock Is Up Today

Core Insights - LegalZoom's shares increased by 6.8% following the release of strong third-quarter financial results that exceeded revenue expectations and provided a positive outlook for the next quarter [1][2] Financial Performance - LegalZoom reported revenue of $190.2 million for the third quarter, marking a 12.8% increase year-over-year, surpassing Wall Street forecasts [2] - The company's revenue guidance for the fourth quarter is set at $184 million at the midpoint, approximately 4% above analyst expectations [2] - GAAP earnings per share were $0.02, aligning with expectations, although subscription units fell short of estimates [2] Market Reaction - LegalZoom's stock has shown volatility, with 14 movements greater than 5% in the past year, indicating that the market views the recent news as significant but not fundamentally altering its perception of the company [4] - The stock has risen 42.9% since the beginning of the year, currently trading at $10.81 per share, close to its 52-week high of $11.18 reached in August 2025 [6]