Logitech International (NASDAQ:LOGI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Several other equities analysts also recently commented on LOGI. Zacks Investment Research downgraded Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. DA Davidson boosted their price objective on Logitech International from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Loop Capital boosted their price objective on Logitech International to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. ValuEngine downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Citigroup boosted their price objective on Logitech International from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Logitech International has a consensus rating of “Hold” and a consensus price target of $49.60.

NASDAQ:LOGI opened at $39.11 on Thursday. Logitech International has a 52-week low of $32.66 and a 52-week high of $49.96. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.80 and a beta of 0.96.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 30th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Logitech International had a return on equity of 24.63% and a net margin of 7.97%. The business had revenue of $608.48 million during the quarter, compared to analyst estimates of $584.37 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, equities research analysts expect that Logitech International will post 1.6 EPS for the current fiscal year.

In other news, CEO Bracken Darrell sold 100,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $45.66, for a total value of $4,566,000.00. Following the transaction, the chief executive officer now directly owns 712,137 shares in the company, valued at $32,516,175.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Logitech International by 10.8% in the third quarter. Bank of Montreal Can now owns 17,965 shares of the technology company’s stock worth $803,000 after buying an additional 1,749 shares in the last quarter. Raymond James & Associates lifted its position in shares of Logitech International by 6.4% in the second quarter. Raymond James & Associates now owns 30,000 shares of the technology company’s stock worth $1,323,000 after buying an additional 1,813 shares in the last quarter. US Bancorp DE lifted its position in shares of Logitech International by 13.6% in the second quarter. US Bancorp DE now owns 16,131 shares of the technology company’s stock worth $708,000 after buying an additional 1,925 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Logitech International by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 329,468 shares of the technology company’s stock worth $14,464,000 after buying an additional 2,403 shares in the last quarter. Finally, Cutler Group LP lifted its position in shares of Logitech International by 143.7% in the second quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock worth $241,000 after buying an additional 3,248 shares in the last quarter. Institutional investors and hedge funds own 36.45% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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