Financial Gravity Wealth Inc. Acquires Shares of 7,408 Logitech International SA (LOGI)
Financial Gravity Wealth Inc. acquired a new stake in Logitech International SA (NASDAQ:LOGI) during the first quarter, according to its most recent filing with the SEC. The firm acquired 7,408 shares of the technology company’s stock, valued at approximately $294,000.
Other large investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new position in Logitech International in the 4th quarter valued at $47,000. Quantamental Technologies LLC acquired a new stake in Logitech International in the fourth quarter valued at $75,000. LPL Financial LLC acquired a new stake in Logitech International in the third quarter valued at $203,000. Financial Gravity Companies Inc. acquired a new stake in Logitech International in the fourth quarter valued at $207,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Logitech International in the third quarter valued at $334,000. Hedge funds and other institutional investors own 38.99% of the company’s stock.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Logitech International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, April 2nd. BidaskClub raised Logitech International from a “hold” rating to a “buy” rating in a report on Tuesday. Wedbush reissued a “buy” rating and issued a $40.00 target price on shares of Logitech International in a report on Tuesday, January 22nd. Finally, Maxim Group raised Logitech International from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.29.
Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, January 21st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.17. The business had revenue of $864.39 million during the quarter, compared to the consensus estimate of $854.11 million. Logitech International had a return on equity of 26.85% and a net margin of 9.06%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. Equities research analysts expect that Logitech International SA will post 1.69 EPS for the current year.
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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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