LogMeIn Given New $39.00 Price Target at Dougherty & Co (LOGM)
Equities researchers at Dougherty & Co hoisted their price objective on shares of LogMeIn (NASDAQ:LOGM) from $36.00 to $39.00 in a research report issued on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s target price would suggest a potential upside of 23.93% from the stock’s previous close.
LogMeIn (NASDAQ:LOGM) traded up 0.06% on Monday, hitting $31.49. The stock had a trading volume of 7,465 shares. LogMeIn has a 1-year low of $16.12 and a 1-year high of $32.29. The stock’s 50-day moving average is $30.33 and its 200-day moving average is $24.81. The company’s market cap is $764.2 million.
LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $40.70 million for the quarter, compared to the consensus estimate of $39.33 million. During the same quarter last year, the company posted $0.17 earnings per share. LogMeIn’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that LogMeIn will post $0.51 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LOGM. Analysts at JPMorgan Chase & Co. raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $25.00 to $29.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $57.00 to $70.00 in a research note to investors on Friday, July 26th. They now have an “equal weight” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $34.00 to $38.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. LogMeIn currently has a consensus rating of “Buy” and an average price target of $33.90.
In other LogMeIn news, SVP Lawrence M. D’angelo unloaded 4,523 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $30.84, for a total value of $139,489.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
LogMeIn, Inc (NASDAQ:LOGM) provides essential cloud-based collaboration, information technology (IT) management and customer service offerings aimed at addressing the evolving multi-device, security, management and accessibility requirements of the new mobile workplace.
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