LegalZoom price target raised to $15 from $14 at JMP Securities

JMP Securities analyst Andrew Boone raised the firm’s price target on LegalZoom to $15 from $14 and keeps an Outperform rating on the shares. With LegalZoom likely continuing to benefit from freemium conversion gains and May the fourth consecutive month of accelerating y/y website visits growth, Q2 guidance looks increasingly conservative, the analyst tells investors in a research note.