LogMeIn (NASDAQ:LOGM) had its price target raised by Needham & Company LLC from $130.00 to $140.00 in a research note released on Friday morning, Marketbeat reports. The firm currently has a buy rating on the software maker’s stock.
Several other analysts have also recently weighed in on LOGM. BidaskClub raised shares of LogMeIn from a buy rating to a strong-buy rating in a research note on Saturday, February 10th. Zacks Investment Research raised shares of LogMeIn from a hold rating to a buy rating and set a $135.00 price objective on the stock in a research note on Wednesday, November 1st. Oppenheimer reissued a hold rating on shares of LogMeIn in a research note on Wednesday, December 20th. Barclays boosted their price objective on shares of LogMeIn from $132.00 to $142.00 and gave the stock an overweight rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $170.00 price objective on shares of LogMeIn in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. LogMeIn has an average rating of Buy and a consensus target price of $137.63.
LogMeIn (LOGM) opened at $122.45 on Friday. LogMeIn has a 1-year low of $90.35 and a 1-year high of $134.80. The stock has a market cap of $6,450.00, a price-to-earnings ratio of 720.29, a PEG ratio of 1.74 and a beta of 1.36.
LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. LogMeIn had a net margin of 10.06% and a return on equity of 5.57%. The company had revenue of $276.03 million for the quarter, compared to analysts’ expectations of $276.75 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. LogMeIn’s revenue for the quarter was up 213.8% on a year-over-year basis. equities research analysts expect that LogMeIn will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. This is a boost from LogMeIn’s previous quarterly dividend of $0.25. LogMeIn’s dividend payout ratio is 705.88%.
A number of institutional investors and hedge funds have recently modified their holdings of LOGM. Reliance Trust Co. of Delaware bought a new stake in LogMeIn during the third quarter valued at $201,000. Stephens Inc. AR bought a new stake in LogMeIn during the third quarter valued at $202,000. Bray Capital Advisors bought a new stake in LogMeIn during the fourth quarter valued at $204,000. C M Bidwell & Associates Ltd. bought a new stake in LogMeIn during the fourth quarter valued at $206,000. Finally, Jefferies Group LLC bought a new stake in LogMeIn during the fourth quarter valued at $206,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “LogMeIn (LOGM) Price Target Raised to $140.00” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/20/logmein-logm-price-target-raised-to-140-00.html.
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with MarketBeat.com's FREE daily email newsletter.