NasdaqGS:LZProfessional Services
LegalZoom (LZ) Stock Price Sinks As Growth Fears Eclipse Margin Gains
LegalZoom.com stock just absorbed a heavy hit, sliding about 30% to US$5.67, even as the quarterly story was more nuanced than that headline move suggests. Coming into today, the shares had already retreated over the past month, so this latest leg lower is landing on a tired chart, not a fresh high.
The surprise is that Q2 brought US$205 million of revenue and adjusted EBITDA of US$46 million with a margin near 22%, plus US$34 million of free cash flow. The real battle now is about time...