Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
LegalZoom ( (LZ) ) has provided an update.
On February 10, 2025, LegalZoom acquired Formation Nation to boost its go-to-market strategy and expand its range of small business solutions. This acquisition, valued at $49.3 million in cash and approximately 2.2 million restricted shares, is expected to enhance LegalZoom’s industry positioning by merging Formation Nation’s customer service strengths with its own technology platform. The transaction, which closed on the same day, is projected to positively impact LegalZoom’s Adjusted EBITDA and earnings per share in the first year.
More about LegalZoom
LegalZoom is a leading online platform for legal services, focusing on technology-driven legal and compliance solutions. The company aims to enhance its offerings for small businesses by integrating Formation Nation’s customer service expertise.
YTD Price Performance: 20.37%
Average Trading Volume: 1,383,330
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.57B
See more insights into LZ stock on TipRanks’ Stock Analysis page.
