BidaskClub upgraded shares of LogMeIn (NASDAQ:LOGM) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.

A number of other brokerages have also issued reports on LOGM. Needham & Company LLC boosted their target price on LogMeIn from $130.00 to $140.00 and gave the stock a buy rating in a research report on Friday, February 16th. Zacks Investment Research downgraded LogMeIn from a buy rating to a sell rating in a report on Thursday. Oppenheimer reiterated a hold rating on shares of LogMeIn in a report on Wednesday, December 20th. KeyCorp initiated coverage on LogMeIn in a report on Friday, April 6th. They set an overweight rating and a $135.00 price target on the stock. Finally, Mizuho initiated coverage on LogMeIn in a report on Monday, April 2nd. They set a buy rating and a $145.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $137.97.

Shares of LogMeIn stock opened at $119.20 on Thursday. The firm has a market cap of $6,238.69, a PE ratio of 35.90, a P/E/G ratio of 1.58 and a beta of 1.40. LogMeIn has a 12-month low of $103.00 and a 12-month high of $134.80.

LogMeIn (NASDAQ:LOGM) last announced its earnings results on Thursday, February 15th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $276.03 million for the quarter, compared to analyst estimates of $276.75 million. LogMeIn had a return on equity of 5.57% and a net margin of 10.06%. LogMeIn’s revenue for the quarter was up 213.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. research analysts anticipate that LogMeIn will post 4.31 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Bray Capital Advisors acquired a new stake in shares of LogMeIn in the fourth quarter worth about $204,000. C M Bidwell & Associates Ltd. acquired a new position in shares of LogMeIn during the 4th quarter worth about $206,000. Jefferies Group LLC acquired a new position in shares of LogMeIn during the 4th quarter worth about $206,000. E&G Advisors LP acquired a new position in shares of LogMeIn during the 4th quarter worth about $309,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of LogMeIn during the 4th quarter worth about $317,000. 99.23% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for LogMeIn (NASDAQ:LOGM)

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