LogMeIn, Inc. (NASDAQ:LOGM) registered a -3.38% decrease, still its new closing price is 199.15% up from the company’s 1 year high of 110.00.It posted 0.39% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 10 stock analysts following this company have an average price target at $104.63, with individual PT in the $70.00-$125.00 range. The shares moved at $103.00, implying that brokerage firms see shares gaining about 106.31% in twelve months time.
LogMeIn, Inc. (LOGM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 7.21% rise year to date. A Director at LogMeIn, Inc. (LOGM) offloaded shares in a transaction closed on Thursday November 03, 2016. Simon Michael K sold 50,000 shares in the company at $91.65 each and collected $4,582,001 in proceeds. Simon Michael K now owns 850,648 shares in the company after this transaction. A SVP and General Counsel in the company, Donahue Michael J, disclosed a transaction on Wednesday August 17, 2016 that ended up generating $331,001 from the sale of 4,137 shares at $80.13 per share.
LogMeIn, Inc. (NASDAQ:LOGM) Upcoming Results on Tap
LogMeIn, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.60 in that period. Sales during the quarter are predicted to arrive at $91.48 million.
Earnings surprise history: Last quarter, the company posted approximately $85.1 million in revenue and EPS of $0.56. The mean forecast was for $84.29 million and $0.53 a share, respectively. One quarter earlier, revenue for the stock was at $83.27 million, with earnings at $0.49/share.
LogMeIn, Inc. (LOGM) Brokerage Update
LogMeIn, Inc. (LOGM) is in Barclays’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Underweight by Barclays, according to news reported on Monday October 03, 2016.Another important research note was issued by JP Morgan on Wednesday July 27, 2016.The firm upgraded LOGM to Overweight from Neutral. Over the last six months and over the last three months, the shares of LogMeIn, Inc. (LOGM), have changed 24.59% and 10.49%, respectively.