New York: LogMeIn (NASDAQ:LOGM) Stock Has Just Had Its “Overweight” Rating Reiterated by Barclays. Shares now Have a $112 Target

September 8, 2018 - By Megan Stone

LogMeIn, Inc. (NASDAQ:LOGM) Logo

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.06, from 1.07 in 2017Q4. It worsened, as 36 investors sold LogMeIn, Inc. shares while 116 reduced holdings. 50 funds opened positions while 104 raised stakes. 51.10 million shares or 0.04% less from 51.12 million shares in 2017Q4 were reported.

3,967 are held by Jane Street Ltd Liability. Dekabank Deutsche Girozentrale stated it has 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Us Bankshares De holds 0% or 4,873 shares. San Francisco Sentry Investment Gp (Ca) holds 162 shares or 0.01% of its portfolio. Employees Retirement Sys Of Texas invested 0.18% in LogMeIn, Inc. (NASDAQ:LOGM). Profund Advsr Llc accumulated 30,119 shares. Clearbridge Invests Limited Liability Corp reported 0.1% stake. 3,340 were reported by Alphaone Invest Services Limited Liability Corp. Magnetar Fincl Ltd Liability accumulated 2,080 shares. Credit Suisse Ag reported 63,370 shares or 0.01% of all its holdings. Mitsubishi Ufj And Banking Corp holds 32,900 shares or 0.01% of its portfolio. Synovus Fincl owns 39 shares. Summit Creek Advsr Ltd Llc reported 125,865 shares. Jennison Associate Lc has 460,052 shares for 0.05% of their portfolio. The Wisconsin-based State Of Wisconsin Inv Board has invested 0% in LogMeIn, Inc. (NASDAQ:LOGM).

Since May 1, 2018, it had 0 buys, and 20 sales for $17.79 million activity. $661,473 worth of stock was sold by Lok James on Monday, May 7. $390,618 worth of LogMeIn, Inc. (NASDAQ:LOGM) was sold by D’Angelo Lawrence M. on Monday, May 21. Simon Michael K sold $1.65 million worth of stock. Shares for $962,777 were sold by Ford W. Sean on Tuesday, May 1. Benson Steven J. also sold $232,375 worth of LogMeIn, Inc. (NASDAQ:LOGM) shares. On Friday, June 1 the insider Donahue Michael J sold $1.01M.

LogMeIn (NASDAQ:LOGM) Rating Reaffirmed

Recently, In a research note revealed to investors on 7 September, LogMeIn (NASDAQ:LOGM) shares have had their “Overweight” Rating kept by professional analysts at Barclays, who currently has a $112 TP on firm. This target by Barclays would suggest the possibile upside of 33.25 % from the last stock close.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 7 analysts covering LogMeIn (NASDAQ:LOGM), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. LogMeIn has $145 highest and $90 lowest target. $121.17’s average target is 44.16% above currents $84.05 stock price. LogMeIn had 9 analyst reports since April 3, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, April 27 by Robert W. Baird. The firm has “Overweight” rating given on Friday, April 27 by Barclays Capital. On Friday, July 27 the stock rating was downgraded by PiperJaffray to “Neutral”. As per Friday, July 27, the company rating was downgraded by RBC Capital Markets. The firm earned “Neutral” rating on Friday, July 27 by Robert W. Baird. The stock has “Neutral” rating by JP Morgan on Friday, July 27. KeyBanc Capital Markets maintained the shares of LOGM in report on Friday, July 27 with “Overweight” rating.

The stock increased 1.39% or $1.15 during the last trading session, reaching $84.05. About 1.10M shares traded or 25.22% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has declined 0.64% since September 8, 2017 and is downtrending. It has underperformed by 13.21% the S&P500.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on October, 25. They expect $1.05 EPS, up 12.90 % or $0.12 from last year’s $0.93 per share. LOGM’s profit will be $54.47 million for 20.01 P/E if the $1.05 EPS becomes a reality. After $1.07 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -1.87 % negative EPS growth.

LogMeIn, Inc. provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers. The company has market cap of $4.36 billion. The firm offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations to enhance market reach; join.me, join.me pro, and join.me enterprise that are browser online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; Grasshopper, a well-known provider of cloud telephony solutions; and BoldChat, a Web live chat service. It has a 32.55 P/E ratio. It also provides GoToAssist, GoToAssist Corporate, and GoToAssist Seeit, which offer cloud IT support solutions to deliver uptime for people and their computers, mobile devices, and apps; LogMeIn Rescue, Rescue Lens, and LogMeIn Rescue+Mobile, which are Web remote support and customer care services offering remote support; and Xively, an IoT cloud platform and connected product management solution.

More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Streetinsider.com which released: “LogMeIn (LOGM) PT Lowered to $100 at Needham & Company; See favorable Risk/Reward” on September 07, 2018, also Nasdaq.com with their article: “LogMeIn Named a Leader in Gartner’s 2018 Magic Quadrant for Meeting Solutions” published on September 06, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: TSLA LOGM GLCNF ACAD MD FPI RMTI ABBV GDS: The Law Offices of Vincent Wong …” on September 05, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: TSLA CBS LOGM GLCNF GLNCY NLSN MD FPI RMTI CRON: The Law Offices of Vincent …” published on September 07, 2018 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: GLNCY FB HMNY GDS NLSN LOGM AMPE NVRO LCI CBS: The Law Offices of Vincent …” with publication date: September 01, 2018.

LogMeIn, Inc. (NASDAQ:LOGM) Institutional Positions Chart

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