Reading LZ? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LZ free→Reading LZ? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LZ free→NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, while earnings quality is robust, cash backs up reported profits. Management's recent track record has been steady, and it has a capital-friendly stance. Risk is high, and the sector backdrop is a headwind, which may affect performance compared with sector peers that are above typical. Peer multiples imply a price about 58% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $5.98. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $5.98 LZ trades at 10× p/e, below its 23× p/e peer median. Our $14 fair value sits above the price; low confidence. Analysts: $6.50–$10. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 58% below a flat-multiple fair value, below our forecast of about 12%. This describes what's priced in, not a forecast of the move.
No fragility gates fired.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted 15.33x of net income into operating cash flow. Historically, Industrials names rated robust grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=3333).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.16 → $0.15 (-5.6% / 30d). 0 raised, 7 cut, 8 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 44% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$161.
How much price usually moves either way.
On a bad day, this stock has moved -$519.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,098.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Meeting or exceeding this guidance shows strong momentum in revenue growth. It confirms that higher-value subscriptions are scaling well.
Confirms:Q2 revenue was $203 million or more. This shows strong growth efforts.
Disproves:Q2 revenue was below $200 million. This shows trouble keeping growth going.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for LZ yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
of this report, including Exhibit 99.1 , shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless LegalZoom specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$6.50 – $10.00 (median $8.50) · 4 analysts · as of 2026-02-20
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Research & Consulting Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
LZ LegalZoom.com, Inc. | Above typical Show detailsSector percentile: 74 of 100 | inexpensive | high |
VRSK Verisk Analytics | Above typical Show detailsSector percentile: 84 of 100 | fair | elevated |
EFX Equifax | Above typical Show detailsSector percentile: 86 of 100 | fair | elevated |
TRU TransUnion | Above typical Show detailsSector percentile: 93 of 100 | inexpensive | moderate |
BAH Booz Allen Hamilton | Above typical Show detailsSector percentile: 96 of 100 | inexpensive | elevated |
1 material management or governance event in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated stable grew net income 60% of the time over the next year (vs 59% for the rest of the cohort, n=792).
Not investment advice. As of 2026-06-15.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on scaling higher-value growth initiatives and partner channel momentum.
Improve cash flow through operational efficiencies and strategic initiatives.
Focus on cost management and efficiency to enhance operating income.
Why it matters: If the industrial sector grows again, it could help LegalZoom. This may improve performance.
Confirms one read:Sector revenue growth speeds up to over 10% year over year.
Confirms the other:Sector revenue growth remains below 5% year over year.
Why it matters: A drop in cash flow from operations may show problems and affect growth.
Confirms:Cash flow from operations reported below $45 million for Q2.
Disproves:Cash flow from operations was $50 million or more. This shows strong operations.
Why it matters: A better margin shows better cost control and efficiency. This can boost investor trust.
Confirms:Adjusted EBITDA margin was 20% or more. This shows better profits.
Disproves:Adjusted EBITDA margin was below 18%. This shows ongoing cost issues.
Why it matters: If subscription revenue growth slows, it may show weaker demand for services.
Confirms:Subscription revenue growth was below 10% compared to last year.
Disproves:Subscription revenue growth stayed above 12%. This shows strong demand.
Why it matters: Higher operating income means better cost management. This is key for long-term success.
Confirms:Operating income increases from $2.76M in Q1 to above $5M in Q2.
Disproves:Operating income falls more in Q2.
Why it matters: Strong revenue growth would show that LegalZoom is improving its growth strategy. This could boost investor confidence.
Confirms:Q2 revenue growth exceeds 10% year over year.
Disproves:Q2 revenue growth falls below 5% year over year.
of this report, including Exhibit 99.1 , shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless LegalZoom specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Other Events. Also on February 19, 2026, LegalZoom announced that its Board of Directors approved a $100.0 million increase in LegalZoom’s stock repurchase program. Repurchases pursuant to LegalZoom’s stock repurchase program may be made from time to time, based on market conditions, legal requirements and other corporate considerations, through any manner, including open market transactions, accelerated stock repurchase agreements, or privately negotiated transactions with third parties, and…