LogMeIn Given Consensus Rating of “Buy” by Brokerages (NASDAQ:LOGM)
Shares of LogMeIn (NASDAQ:LOGM) have earned an average rating of “Buy” from the ten analysts that are covering the company, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.10.
Shares of LogMeIn (NASDAQ:LOGM) opened at 43.18 on Wednesday. LogMeIn has a 1-year low of $28.92 and a 1-year high of $47.69. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $42.. The company has a market cap of $1.063 billion and a P/E ratio of 685.40.
LogMeIn (NASDAQ:LOGM) last announced its earnings results on Thursday, July 24th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.05. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $52.48 million. During the same quarter last year, the company posted $0.13 earnings per share. LogMeIn’s revenue was up 35.1% compared to the same quarter last year. On average, analysts predict that LogMeIn will post $1.09 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of LogMeIn in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, down previously from $55.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of LogMeIn in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, up previously from $45.00. Finally, analysts at Piper Jaffray raised their price target on shares of LogMeIn to $60.00 in a research note on Friday, July 25th.
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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