LogMeIn Inc. Sets New 1-Year High at $34.71 (LOGM)
Shares of LogMeIn (NASDAQ:LOGM) hit a new 52-week high during trading hours on Tuesday, Analyst Ratings.Net reports. The company traded as high as $34.71 and last traded at $34.60, with a volume of 245,128 shares trading hands. The stock had previously closed at $33.04.
Separately, analysts at Cowen and Company raised their price target on shares of LogMeIn from $34.00 to $37.00 in a research note to investors on Monday, October 28th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.18.
LogMeIn has a 52-week low of $16.12 and a 52-week high of $34.56. The stock’s 50-day moving average is $32.70 and its 200-day moving average is $30.9. The company’s market cap is $846.3 million.
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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