LegalZoom Announces Increase to its Existing Share Repurchase Authorization
LegalZoom.com, Inc. (LZ)
Company Research
Source: GlobeNewswire
MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company’s existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approximately $59 million, leaving approximately $116 million available under the repurchase authorization. “Today’s announcement reflects our balanced capital allocation strategy which is supported by our strong cash generation,” said Dan Wernikoff, Chief Executive Officer of LegalZoom. “Our solid financial position provides us the ability to balance investments in our growth strategies, including long-term product development, with shareholder returns.” Repurchases pursuant to the Comp
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- Why Did LegalZoom Stock Drop 27% Last Month? [Yahoo! Finance]Yahoo! Finance
- Could The Market Be Wrong About LegalZoom.com, Inc. (NASDAQ:LZ) Given Its Attractive Financial Prospects? [Yahoo! Finance]Yahoo! Finance
LZ
Earnings
- 5/7/24 - Beat
LZ
Sec Filings
- 6/10/24 - Form 8-K
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- LZ's page on the SEC website