Shares of LogMeIn, Inc. (NASDAQ:LOGM) have been assigned an average rating of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $138.74.
A number of brokerages have recently weighed in on LOGM. Needham & Company LLC raised their target price on LogMeIn from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, February 16th. BidaskClub upgraded LogMeIn from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered LogMeIn from a “buy” rating to a “sell” rating in a research note on Thursday.
Shares of NASDAQ:LOGM opened at $119.20 on Monday. LogMeIn has a twelve month low of $103.00 and a twelve month high of $134.80. The firm has a market capitalization of $6,238.69, a PE ratio of 35.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40.
LogMeIn (NASDAQ:LOGM) last announced its earnings results on Thursday, February 15th. The software maker reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.03. LogMeIn had a return on equity of 5.57% and a net margin of 10.06%. The company had revenue of $276.03 million during the quarter, compared to analyst estimates of $276.75 million. During the same period last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was up 213.8% compared to the same quarter last year. sell-side analysts predict that LogMeIn will post 4.31 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Bray Capital Advisors bought a new position in LogMeIn in the fourth quarter valued at about $204,000. C M Bidwell & Associates Ltd. bought a new position in LogMeIn in the fourth quarter valued at about $206,000. Jefferies Group LLC bought a new position in LogMeIn in the fourth quarter valued at about $206,000. E&G Advisors LP bought a new position in LogMeIn in the fourth quarter valued at about $309,000. Finally, Oppenheimer & Co. Inc. bought a new position in LogMeIn in the fourth quarter valued at about $317,000. Institutional investors and hedge funds own 99.23% of the company’s stock.
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LogMeIn Company Profile
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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