Wall Street brokerages expect LogMeIn Inc (NASDAQ:LOGM) to report sales of $277.55 million for the current quarter, according to Zacks. Five analysts have made estimates for LogMeIn’s earnings, with estimates ranging from $277.40 million to $277.79 million. LogMeIn posted sales of $87.97 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 215.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that LogMeIn will report full year sales of $277.55 million for the current year. For the next year, analysts forecast that the firm will report sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for LogMeIn.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. The business had revenue of $269.30 million for the quarter, compared to the consensus estimate of $270.56 million. LogMeIn had a net margin of 1.01% and a return on equity of 5.50%. The company’s quarterly revenue was up 216.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS.

LOGM has been the topic of a number of research analyst reports. Cowen reissued a “buy” rating and set a $145.00 price objective on shares of LogMeIn in a research report on Sunday, October 29th. Piper Jaffray Companies reissued a “buy” rating and set a $170.00 price objective on shares of LogMeIn in a research report on Tuesday, October 24th. Robert W. Baird raised shares of LogMeIn from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Tuesday, October 3rd. Barclays boosted their price objective on shares of LogMeIn from $132.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of LogMeIn from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $136.52.

LogMeIn (LOGM) opened at $121.00 on Tuesday. The stock has a market cap of $6,369.16, a price-to-earnings ratio of 1,100.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. LogMeIn has a 1 year low of $90.35 and a 1 year high of $129.51.

In other news, insider Christopher Battles sold 1,136 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $119.43, for a total transaction of $135,672.48. Following the sale, the insider now owns 2,760 shares in the company, valued at approximately $329,626.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Reliance Trust Co. of Delaware bought a new stake in shares of LogMeIn during the 3rd quarter valued at $201,000. Stephens Inc. AR bought a new stake in shares of LogMeIn during the 3rd quarter valued at $202,000. Dorsey & Whitney Trust CO LLC bought a new position in LogMeIn in the 2nd quarter worth about $208,000. M&T Bank Corp boosted its stake in LogMeIn by 1.8% in the 2nd quarter. M&T Bank Corp now owns 2,104 shares of the software maker’s stock worth $219,000 after purchasing an additional 37 shares in the last quarter. Finally, Sciencast Management LP bought a new position in LogMeIn in the 2nd quarter worth about $254,000. Hedge funds and other institutional investors own 99.25% of the company’s stock.

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About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

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