What Caused LegalZoom (LZ) Stock to Surge More Than 25% After Market Close?
Stock Performance: LegalZoom.com Inc. shares surged 25.31% to $12.75 in after-hours trading following a strong third-quarter earnings report.
Record Revenue: The company reported a record third-quarter revenue of $190.2 million, a 13% increase from the previous year, with subscription and transaction revenues also rising.
Increased Guidance: LegalZoom raised its full-year revenue guidance to between $748 million and $752 million, anticipating a 10% year-over-year growth.
Strategic Focus and Cash Flow: The company is leveraging AI and technology to target small businesses, while also reporting a significant increase in free cash flow to $46.99 million for the quarter.
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Citigroup Keeps Neutral Rating on LegalZoom.com, Reduces Price Target to $10.5
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LZ Falls Below Important Moving Average Threshold
- 52 Week Range: LZ's stock has a low of $6.47 and a high of $12.40 over the past year, with the last trade recorded at $9.25.
- Market Analysis: The article mentions other stocks that have recently fallen below their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Insight: The information highlights the volatility and current standing of LZ's stock in the market.






