BidaskClub lowered shares of LogMeIn (NASDAQ:LOGM) from a buy rating to a hold rating in a research note published on Monday, BidAskClub reports.

Several other research analysts have also recently commented on LOGM. Zacks Investment Research raised LogMeIn from a hold rating to a buy rating and set a $86.00 price target for the company in a research report on Monday. ValuEngine cut LogMeIn from a hold rating to a sell rating in a research report on Monday, April 1st. Finally, Mizuho began coverage on LogMeIn in a research report on Wednesday, March 13th. They set a neutral rating and a $88.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $94.90.

LOGM stock opened at $75.66 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.77 billion, a PE ratio of 16.63, a PEG ratio of 1.60 and a beta of 1.02. LogMeIn has a fifty-two week low of $74.73 and a fifty-two week high of $114.45.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.27. The company had revenue of $307.70 million during the quarter, compared to analysts’ expectations of $305.57 million. LogMeIn had a return on equity of 7.68% and a net margin of 2.89%. LogMeIn’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. As a group, equities research analysts anticipate that LogMeIn will post 3.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be paid a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.30 annualized dividend and a yield of 1.72%. LogMeIn’s dividend payout ratio is 28.57%.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 547,074 shares in the company, valued at $44,405,996.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 90,000 shares of company stock worth $7,210,575 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new stake in LogMeIn in the first quarter valued at approximately $39,000. Flagship Harbor Advisors LLC raised its stake in LogMeIn by 59.3% in the first quarter. Flagship Harbor Advisors LLC now owns 567 shares of the software maker’s stock valued at $45,000 after buying an additional 211 shares during the period. IFP Advisors Inc raised its stake in LogMeIn by 853.7% in the fourth quarter. IFP Advisors Inc now owns 782 shares of the software maker’s stock valued at $63,000 after buying an additional 700 shares during the period. Cresset Asset Management LLC bought a new stake in LogMeIn in the first quarter valued at approximately $64,000. Finally, Enlightenment Research LLC bought a new stake in LogMeIn in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 97.95% 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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