LZ - Why Are LegalZoom Shares Still Struggling?
2024-05-27 10:53:38 ET
Summary
- LegalZoom's stock has plummeted by 23.9% post-earnings and is at a 52-week low, indicating ongoing struggles.
- The company's key problems appear to include a decline in market share, a lack of significant advancements in AI, and potential overestimation of the uptake of its BOIR offering.
- LegalZoom's strategic pillars lack quantifiable contributions, hindering confidence in the company's overall guidance.
- Still, the valuation is cheap enough to warrant a hold rating with expectations of support from a share buyback program.
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Why Are LegalZoom Shares Still Struggling?