Shares of LogMeIn Inc (NASDAQ:LOGM) have been assigned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $83.56.
Several equities research analysts recently issued reports on LOGM shares. Northland Securities downgraded LogMeIn from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 18th. Barclays reduced their price objective on LogMeIn from $75.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. Stephens started coverage on LogMeIn in a research note on Tuesday, December 17th. They issued a “hold” rating and a $77.00 price objective for the company. Royal Bank of Canada reduced their price objective on LogMeIn from $87.00 to $70.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, ValuEngine raised LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
LogMeIn stock traded up $0.13 during mid-day trading on Wednesday, hitting $86.02. The company’s stock had a trading volume of 257,513 shares, compared to its average volume of 1,138,176. The firm’s 50 day moving average is $81.86 and its 200 day moving average is $73.74. The company has a market cap of $4.28 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 4.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.47 and a quick ratio of 0.47. LogMeIn has a 52-week low of $62.02 and a 52-week high of $96.87.
LogMeIn (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.03. The firm had revenue of $317.20 million during the quarter, compared to the consensus estimate of $316.29 million. LogMeIn had a return on equity of 7.37% and a net margin of 1.20%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 EPS. As a group, analysts forecast that LogMeIn will post 4.09 EPS for the current year.
In other news, CFO Edward K. Herdiech sold 4,036 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $80.00, for a total transaction of $322,880.00. Following the completion of the sale, the chief financial officer now directly owns 20,572 shares of the company’s stock, valued at approximately $1,645,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Donahue sold 11,642 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $80.00, for a total value of $931,360.00. Following the sale, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at $400,000. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Lenox Wealth Advisors LLC raised its stake in shares of LogMeIn by 1,458.3% during the 4th quarter. Lenox Wealth Advisors LLC now owns 374 shares of the software maker’s stock worth $32,000 after purchasing an additional 350 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in shares of LogMeIn during the 2nd quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of LogMeIn by 235.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 503 shares of the software maker’s stock valued at $36,000 after acquiring an additional 353 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in shares of LogMeIn during the 3rd quarter valued at about $76,000. Finally, Cerebellum GP LLC increased its holdings in shares of LogMeIn by 81.8% during the 3rd quarter. Cerebellum GP LLC now owns 831 shares of the software maker’s stock valued at $95,000 after acquiring an additional 374 shares during the last quarter. 94.96% of the stock is owned by institutional investors.
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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