LogMein, Inc. (NASDAQ:LOGM) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, November 8th will be given a dividend of 0.25 per share by the software maker on Friday, November 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, November 7th.
LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $269.30 million for the quarter, compared to analyst estimates of $270.56 million. LogMein had a net margin of 1.01% and a return on equity of 5.50%. The business’s quarterly revenue was up 216.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share.
In other LogMein news, Director Steven J. Benson sold 3,016 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the transaction, the director now owns 1,787 shares in the company, valued at $199,429.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.33, for a total transaction of $2,326,600.00. Following the completion of the transaction, the director now owns 790,977 shares of the company’s stock, valued at approximately $92,014,354.41. The disclosure for this sale can be found here. Insiders have sold 62,244 shares of company stock valued at $7,089,836 over the last 90 days. 2.50% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on LOGM shares. BidaskClub raised shares of LogMein from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Northland Securities restated a “buy” rating on shares of LogMein in a research report on Friday, July 28th. KeyCorp upgraded shares of LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a research report on Friday, July 28th. Cowen and Company restated an “outperform” rating and set a $134.00 target price (up from $130.00) on shares of LogMein in a research report on Sunday, July 30th. Finally, Zacks Investment Research upgraded shares of LogMein from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $135.96.
LogMein Company Profile
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.
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