LegalZoom Expands Stock Buyback Program by $100 Million

LegalZoom ( (LZ) ) just unveiled an announcement.

On May 7, 2025, LegalZoom announced a $100 million increase in its stock repurchase program, bringing the total authorization to $315 million, with $150 million available for future repurchases. This move reflects confidence in its financial health following a strong first quarter in 2025, where revenue grew by 5% year-over-year to $183.1 million, driven by an 8% increase in subscription revenue. LegalZoom’s acquisition of Formation Nation and the appointment of a new Chief Technology Officer are expected to enhance its service offerings and technological capabilities.

Spark’s Take on LZ Stock

According to Spark, TipRanks’ AI Analyst, LZ is a Neutral.

LegalZoom’s overall score is bolstered by strong financial performance and strategic initiatives highlighted in the earnings call and corporate events. However, the stock’s high valuation and bearish technical indicators present challenges.

To see Spark’s full report on LZ stock, click here.

More about LegalZoom

LegalZoom is a company operating in the legal services industry, primarily providing online legal solutions and services. The company focuses on offering subscription-based legal services and business formation services, aiming to simplify legal processes for individuals and businesses.

Average Trading Volume: 2,277,119

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.32B

See more data about LZ stock on TipRanks’ Stock Analysis page.