Barclays lowered shares of LogMeIn (NASDAQ:LOGM) from an overweight rating to an underweight rating in a research report released on Friday morning, AnalystRatings.com reports. Barclays currently has $74.00 target price on the software maker’s stock, down from their previous target price of $104.00.

A number of other analysts have also recently issued reports on LOGM. Zacks Investment Research cut LogMeIn from a buy rating to a hold rating in a research report on Monday, December 31st. Stephens started coverage on LogMeIn in a research report on Thursday, January 3rd. They set an overweight rating for the company. BidaskClub raised LogMeIn from a buy rating to a strong-buy rating in a research report on Wednesday, February 13th. KeyCorp reduced their price target on LogMeIn from $120.00 to $95.00 and set an overweight rating for the company in a research report on Friday, February 15th. Finally, Needham & Company LLC cut LogMeIn from a buy rating to a hold rating in a research report on Friday, February 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $100.45.

LOGM opened at $81.65 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of 17.95, a PEG ratio of 1.25 and a beta of 1.03. LogMeIn has a 1 year low of $74.87 and a 1 year high of $123.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.07.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, February 14th. The software maker reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.06. The firm had revenue of $310.70 million during the quarter, compared to analysts’ expectations of $306.57 million. LogMeIn had a return on equity of 7.69% and a net margin of 6.17%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. As a group, analysts predict that LogMeIn will post 3.81 earnings per share for the current year.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.17, for a total value of $1,826,325.00. Following the completion of the sale, the director now owns 547,074 shares of the company’s stock, valued at $44,405,996.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC increased its stake in shares of LogMeIn by 59.3% in the first quarter. Flagship Harbor Advisors LLC now owns 567 shares of the software maker’s stock worth $45,000 after purchasing an additional 211 shares during the period. IFP Advisors Inc increased its stake in shares of LogMeIn by 853.7% in the fourth quarter. IFP Advisors Inc now owns 782 shares of the software maker’s stock worth $63,000 after purchasing an additional 700 shares during the period. Enlightenment Research LLC bought a new position in shares of LogMeIn in the fourth quarter worth about $65,000. Oppenheimer Asset Management Inc. bought a new position in shares of LogMeIn in the fourth quarter worth about $96,000. Finally, Ffcm LLC increased its stake in shares of LogMeIn by 2,045.0% in the fourth quarter. Ffcm LLC now owns 1,287 shares of the software maker’s stock worth $105,000 after purchasing an additional 1,227 shares during the period. 97.95% of the stock is owned by institutional investors.

LogMeIn Company Profile

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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