LogMeIn (NASDAQ:LOGM) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other analysts have also recently issued reports about the stock. Needham & Company LLC lowered their target price on shares of LogMeIn from $135.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Zacks Investment Research raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. ValuEngine raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Piper Jaffray Companies cut shares of LogMeIn from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $135.00 to $95.00 in a research note on Friday, July 27th. Finally, Robert W. Baird cut shares of LogMeIn from an “outperform” rating to a “neutral” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $121.10.

LOGM stock opened at $84.75 on Wednesday. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.64 and a quick ratio of 0.64. LogMeIn has a one year low of $77.05 and a one year high of $134.80.

LogMeIn (NASDAQ:LOGM) last released its earnings results on Thursday, July 26th. The software maker reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.07. The firm had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $305.13 million. LogMeIn had a net margin of 12.34% and a return on equity of 6.75%. LogMeIn’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. sell-side analysts expect that LogMeIn will post 4.2 EPS for the current year.

In other news, insider Christopher Battles sold 2,530 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total transaction of $205,258.90. Following the completion of the sale, the insider now directly owns 5,468 shares of the company’s stock, valued at approximately $443,618.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO W. Sean Ford sold 1,506 shares of the business’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $108.37, for a total transaction of $163,205.22. Following the sale, the chief marketing officer now directly owns 4,366 shares of the company’s stock, valued at $473,143.42. The disclosure for this sale can be found here. Insiders have sold a total of 57,627 shares of company stock valued at $5,622,425 over the last three months. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Global X Management Co LLC acquired a new position in LogMeIn in the 2nd quarter worth $216,000. Marshall Wace LLP acquired a new position in LogMeIn in the 2nd quarter worth $13,059,000. Cubist Systematic Strategies LLC raised its stake in shares of LogMeIn by 76.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,273 shares of the software maker’s stock valued at $1,783,000 after purchasing an additional 7,457 shares in the last quarter. Bank of America Corp DE raised its stake in shares of LogMeIn by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 338,726 shares of the software maker’s stock valued at $34,973,000 after purchasing an additional 20,083 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of LogMeIn by 124.3% in the 2nd quarter. Morgan Stanley now owns 328,531 shares of the software maker’s stock valued at $33,921,000 after purchasing an additional 182,043 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

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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