BidaskClub upgraded shares of Logitech International (NASDAQ:LOGI) from a hold rating to a buy rating in a research note published on Saturday, January 20th.
Separately, Zacks Investment Research lowered shares of Logitech International from a strong-buy rating to a hold rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $45.20.
Shares of Logitech International (NASDAQ LOGI) traded up $1.17 on Friday, hitting $39.77. 535,484 shares of the stock traded hands, compared to its average volume of 629,404. The company has a market capitalization of $6,271.06, a price-to-earnings ratio of 33.42 and a beta of 0.74. Logitech International has a 52 week low of $28.47 and a 52 week high of $43.54.
In related news, insider Marcel Stolk sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.48, for a total transaction of $789,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $43.20, for a total transaction of $4,147,200.00. Following the transaction, the chief executive officer now directly owns 783,427 shares in the company, valued at $33,844,046.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,673 shares of company stock worth $12,376,204. 2.20% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in LOGI. Financial Gravity Companies Inc. bought a new position in Logitech International in the 4th quarter valued at about $138,000. Navellier & Associates Inc bought a new position in Logitech International in the 2nd quarter valued at about $201,000. Kimelman & Baird LLC bought a new position in Logitech International in the 2nd quarter valued at about $220,000. Atria Investments LLC bought a new position in Logitech International in the 4th quarter valued at about $204,000. Finally, Quantbot Technologies LP bought a new position in Logitech International in the 2nd quarter valued at about $254,000. 36.59% of the stock is currently owned by institutional investors and hedge funds.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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