Other research analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of LogMeIn in a research report on Tuesday, December 17th. Piper Jaffray Companies downgraded shares of LogMeIn from an “overweight” rating to a “neutral” rating and raised their target price for the company from $86.00 to $86.05 in a research report on Wednesday, December 18th. Berenberg Bank downgraded shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Stephens assumed coverage on shares of LogMeIn in a research report on Tuesday, December 17th. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Northland Securities downgraded shares of LogMeIn from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $86.12.
LOGM opened at $82.34 on Friday. LogMeIn has a twelve month low of $62.02 and a twelve month high of $86.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s fifty day moving average is $83.49 and its two-hundred day moving average is $78.23. The firm has a market cap of $4.03 billion, a PE ratio of -283.93, a price-to-earnings-growth ratio of 4.16 and a beta of 1.01.
LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, February 13th. The software maker reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. LogMeIn had a negative net margin of 1.15% and a positive return on equity of 7.25%. The business had revenue of $322.68 million for the quarter, compared to analyst estimates of $320.48 million. During the same period last year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that LogMeIn will post 3.89 EPS for the current fiscal year.
In other news, CFO Edward K. Herdiech sold 4,036 shares of LogMeIn stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $85.47, for a total value of $344,956.92. Following the completion of the transaction, the chief financial officer now owns 16,536 shares of the company’s stock, valued at approximately $1,413,331.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LOGM. Alpha Windward LLC acquired a new stake in shares of LogMeIn during the 4th quarter worth about $27,000. Raab & Moskowitz Asset Management LLC acquired a new stake in shares of LogMeIn during the 4th quarter worth about $29,000. Lenox Wealth Advisors LLC lifted 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 buying an additional 350 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in LogMeIn by 24.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 844 shares of the software maker’s stock worth $49,000 after purchasing an additional 168 shares in the last quarter. Finally, Fieldpoint Private Securities LLC raised its stake in LogMeIn by 66.9% in the 4th quarter. Fieldpoint Private Securities LLC now owns 631 shares of the software maker’s stock worth $54,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.
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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