BidaskClub upgraded shares of LogMeIn (NASDAQ:LOGM) from a buy rating to a strong-buy rating in a research note published on Thursday, March 15th.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of LogMeIn from a hold rating to a sell rating in a report on Tuesday, February 27th. Needham & Company LLC upped their price target on shares of LogMeIn from $130.00 to $140.00 and gave the stock a buy rating in a report on Friday, February 16th. Finally, Oppenheimer reaffirmed a hold rating on shares of LogMeIn in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $138.37.
NASDAQ LOGM opened at $113.90 on Thursday. The stock has a market capitalization of $5,985.00, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. LogMeIn has a 12-month low of $98.95 and a 12-month high of $134.80.
LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, February 15th. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $276.03 million during the quarter, compared to the consensus estimate of $276.75 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 213.8% compared to the same quarter last year. equities research analysts expect that LogMeIn will post 4.02 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its position in LogMeIn by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 4,557 shares of the software maker’s stock worth $522,000 after purchasing an additional 417 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in LogMeIn by 3.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,507 shares of the software maker’s stock worth $1,597,000 after purchasing an additional 423 shares in the last quarter. Ranger Investment Management L.P. increased its position in LogMeIn by 20.3% during the 4th quarter. Ranger Investment Management L.P. now owns 3,080 shares of the software maker’s stock worth $353,000 after purchasing an additional 520 shares in the last quarter. Nordea Investment Management AB increased its position in LogMeIn by 5.0% during the 3rd quarter. Nordea Investment Management AB now owns 11,612 shares of the software maker’s stock worth $1,278,000 after purchasing an additional 548 shares in the last quarter. Finally, Amalgamated Bank increased its position in LogMeIn by 5.7% during the 4th quarter. Amalgamated Bank now owns 10,755 shares of the software maker’s stock worth $1,231,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.
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LogMeIn, Inc, together with its subsidiaries, provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions for individuals and businesses in the United States, the United Kingdom, and internationally. The company offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToConference, a video and audio conferencing solution; GoToWebinar, a do-it-yourself Webinar product for organizations; join.me, join.me pro, and join.me business, which are online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; and Grasshopper, a provider of telephony solutions.
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