LogMeIn (LOGM) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for LogMeIn (NASDAQ: LOGM):

  • 4/17/2019 – LogMeIn was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LogMeIn reaps benefits from a strong product portfolio comprising Jive, Bold360 ai and LastPass. The company’s efforts to address renewal headwinds in the Communications & Collaboration business are also garnering solid returns. Flow of deals also remains strong, aiding the company’s top-line growth. Estimates have been stable, lately, ahead of the company’s Q1 earnings release. The company has a positive record of earnings surprises in recent quarters. However, LogMeIn's shares have underperformed the industry in the past year. Intensifying competition from Adobe Connect, Google and Microsoft Skype pose as major threats to the company. Moreover, higher spending on sales & marketing plus research & development expenses are putting margins under pressure.”
  • 4/12/2019 – LogMeIn was downgraded by analysts at Barclays PLC from an “overweight” rating to an “underweight” rating. They now have a $74.00 price target on the stock, down previously from $104.00.
  • 4/4/2019 – LogMeIn was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/1/2019 – LogMeIn was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/22/2019 – LogMeIn had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $125.00 price target on the stock. They wrote, “We do expect the company to make a large marketing push. The company is adding 85 new sales reps to address this market as well as overall marketing spend. This was part of the overall plan laid out at the last analyst day and is pushing down margins to the low 30s.””
  • 3/21/2019 – LogMeIn was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/13/2019 – LogMeIn is now covered by analysts at Mizuho. They set a “neutral” rating and a $88.00 price target on the stock.
  • 3/1/2019 – LogMeIn was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/22/2019 – LogMeIn was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 2/21/2019 – LogMeIn was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LogMein's fourth-quarter results surpassed estimates but its weak guidance is weighing on the stock. Further, news of its chairman’s resignation and the company’s restructuring plan are currently a concern. Intensifying competition from Adobe Connect, Google and Microsoft Skype are a major threat to the company. Moreover, increase in spending on sales & marketing plus research & development expenses are putting margins under pressure. Shares have underperformed the industry in the past year. However, the company reaps benefits from a strong product portfolio comprising Jive, Bold360 ai and LastPass. Its efforts to address renewal headwinds in Communications & Collaboration business are also garnering fat returns.”

Shares of LOGM traded up $1.24 on Monday, reaching $83.28. 62,210 shares of the stock traded hands, compared to its average volume of 720,083. The stock has a market cap of $4.13 billion, a PE ratio of 18.30, a P/E/G ratio of 1.23 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.07. LogMeIn Inc has a 12 month low of $74.87 and a 12 month high of $123.00.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, February 14th. The software maker reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. LogMeIn’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. Equities analysts forecast that LogMeIn Inc will post 3.81 earnings per share for the current fiscal year.

In other news, Director Michael K. Simon sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $81.17, for a total transaction of $1,826,325.00. Following the sale, the director now directly owns 547,074 shares in the company, valued at $44,405,996.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its stake in LogMeIn by 209.5% in the fourth quarter. Hsbc Holdings PLC now owns 11,243 shares of the software maker’s stock worth $911,000 after purchasing an additional 7,610 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in LogMeIn by 2.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 397,635 shares of the software maker’s stock worth $32,435,000 after purchasing an additional 9,800 shares in the last quarter. Diversified Trust Co boosted its stake in LogMeIn by 4.2% in the fourth quarter. Diversified Trust Co now owns 4,721 shares of the software maker’s stock worth $385,000 after purchasing an additional 189 shares in the last quarter. American Capital Management Inc. boosted its stake in LogMeIn by 38.2% in the fourth quarter. American Capital Management Inc. now owns 416,968 shares of the software maker’s stock worth $34,012,000 after purchasing an additional 115,153 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in LogMeIn by 270.9% in the third quarter. Jane Street Group LLC now owns 8,832 shares of the software maker’s stock worth $787,000 after purchasing an additional 6,451 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: How Does the Quiet Period Work?

Receive News & Ratings for LogMeIn Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn Inc and related companies with MarketBeat.com's FREE daily email newsletter.