LogMeIn Inc (LOGM) Receives $98.17 Consensus PT from Brokerages

LogMeIn Inc (NASDAQ:LOGM) has been given an average rating of “Hold” by the fifteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $96.71.

A number of equities analysts recently issued reports on LOGM shares. TheStreet upgraded LogMeIn from a “c+” rating to a “b-” rating in a report on Monday, November 26th. BidaskClub upgraded LogMeIn from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. ValuEngine upgraded LogMeIn from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research cut LogMeIn from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, Needham & Company LLC cut LogMeIn from a “buy” rating to a “hold” rating in a report on Friday, February 15th.

Shares of NASDAQ LOGM opened at $81.99 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $4.17 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.22 and a beta of 1.03. LogMeIn has a 52-week low of $74.87 and a 52-week high of $128.25.

LogMeIn (NASDAQ:LOGM) last issued its earnings results on Thursday, February 14th. The software maker reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.06. The business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $306.57 million. LogMeIn had a return on equity of 7.69% and a net margin of 6.17%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. As a group, research analysts expect that LogMeIn will post 3.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, February 22nd. This is a boost from LogMeIn’s previous quarterly dividend of $0.30. LogMeIn’s dividend payout ratio (DPR) is 28.57%.

In other news, Director Michael K. Simon sold 22,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $81.22, for a total value of $1,827,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Several institutional investors have recently modified their holdings of LOGM. IFP Advisors Inc boosted its position in shares of LogMeIn by 853.7% in the fourth quarter. IFP Advisors Inc now owns 782 shares of the software maker’s stock worth $63,000 after buying an additional 700 shares during the period. Enlightenment Research LLC acquired a new stake in LogMeIn during the fourth quarter valued at $65,000. Oppenheimer Asset Management Inc. acquired a new stake in LogMeIn during the fourth quarter valued at $96,000. Ffcm LLC boosted its position in LogMeIn by 2,045.0% during the fourth quarter. Ffcm LLC now owns 1,287 shares of the software maker’s stock valued at $105,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in LogMeIn during the third quarter valued at $213,000. 99.23% of the stock is owned by institutional investors and hedge funds.

LogMeIn Company Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Analyst Recommendations for LogMeIn (NASDAQ:LOGM)

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