LogMeIn Inc (NASDAQ:LOGM)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $67.63 and last traded at $67.63, with a volume of 5915 shares changing hands. The stock had previously closed at $68.64.

Several research firms have issued reports on LOGM. TheStreet lowered LogMeIn from a “b” rating to a “c” rating in a report on Friday, April 26th. Robert W. Baird set a $85.00 price target on LogMeIn and gave the company a “hold” rating in a report on Friday, July 26th. Northland Securities reissued a “buy” rating on shares of LogMeIn in a report on Friday, July 26th. BidaskClub lowered LogMeIn from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised LogMeIn from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $93.67.

The firm has a market capitalization of $3.53 billion, a PE ratio of 14.97, a P/E/G ratio of 3.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.46 and a current ratio of 0.46. The company has a 50 day moving average price of $74.39.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $313.10 million during the quarter, compared to analyst estimates of $310.98 million. LogMeIn had a return on equity of 7.44% and a net margin of 1.82%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 earnings per share. Equities analysts predict that LogMeIn Inc will post 4.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 7th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 6th. LogMeIn’s dividend payout ratio (DPR) is 28.57%.

In other news, Director Michael K. Simon sold 22,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $75.79, for a total value of $1,705,275.00. Following the completion of the transaction, the director now owns 504,753 shares of the company’s stock, valued at $38,255,229.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOGM. Nuveen Asset Management LLC purchased a new stake in LogMeIn during the second quarter valued at approximately $32,132,000. Victory Capital Management Inc. raised its position in LogMeIn by 9.1% during the second quarter. Victory Capital Management Inc. now owns 799,150 shares of the software maker’s stock valued at $58,881,000 after purchasing an additional 66,950 shares during the period. UBS Asset Management Americas Inc. raised its position in LogMeIn by 780.7% during the second quarter. UBS Asset Management Americas Inc. now owns 500,216 shares of the software maker’s stock valued at $36,856,000 after purchasing an additional 443,417 shares during the period. CSat Investment Advisory L.P. purchased a new stake in LogMeIn during the second quarter valued at approximately $100,000. Finally, D. E. Shaw & Co. Inc. raised its position in LogMeIn by 170.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 482,987 shares of the software maker’s stock valued at $35,587,000 after purchasing an additional 304,105 shares during the period. 98.12% of the stock is owned by hedge funds and other institutional investors.

About LogMeIn (NASDAQ:LOGM)

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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