LogMeIn, Inc. (LOGM) Receives Consensus Recommendation of “Buy” from Analysts

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.

How to Become a New Pot Stock Millionaire

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.

WARNING: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/23/logmein-inc-logm-receives-consensus-recommendation-of-buy-from-analysts.html.

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.

Analyst Recommendations for LogMeIn (NASDAQ:LOGM)

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.

Leave a Reply