Research analysts at Mizuho began coverage on shares of LogMeIn (NASDAQ:LOGM) in a report issued on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating and a $88.00 price target on the software maker’s stock. Mizuho’s price target would suggest a potential upside of 8.52% from the company’s previous close.

A number of other research analysts have also weighed in on the company. KeyCorp reduced their price objective on LogMeIn from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, February 15th. Stephens initiated coverage on LogMeIn in a research report on Thursday, January 3rd. They set an “overweight” rating for the company. Needham & Company LLC downgraded LogMeIn from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. TheStreet upgraded LogMeIn from a “c+” rating to a “b-” rating in a research note on Monday, November 26th. Finally, BidaskClub upgraded LogMeIn from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $101.90.

LOGM stock opened at $81.09 on Wednesday. LogMeIn has a twelve month low of $74.87 and a twelve month high of $128.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $4.13 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.22 and a beta of 1.03.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, February 14th. The software maker reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.06. LogMeIn had a return on equity of 7.69% and a net margin of 6.17%. The company had revenue of $310.70 million during the quarter, compared to analyst estimates of $306.57 million. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that LogMeIn will post 3.82 earnings per share for the current fiscal year.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $81.22, for a total transaction of $1,827,450.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Epoch Investment Partners Inc. purchased a new position in shares of LogMeIn in the 3rd quarter worth $65,253,000. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in shares of LogMeIn by 272.7% in the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 813,676 shares of the software maker’s stock worth $66,372,000 after buying an additional 595,331 shares during the last quarter. Norges Bank purchased a new position in shares of LogMeIn in the 4th quarter worth $37,914,000. Park West Asset Management LLC purchased a new position in shares of LogMeIn in the 4th quarter worth $29,365,000. Finally, TD Asset Management Inc. purchased a new position in shares of LogMeIn in the 4th quarter worth $20,182,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Analyst Recommendations for LogMeIn (NASDAQ:LOGM)

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