Investors sentiment decreased to 0.75 in 2019 Q2. Its down 0.49, from 1.24 in 2019Q1. It worsened, as 40 investors sold LogMeIn, Inc. shares while 110 reduced holdings. 43 funds opened positions while 69 raised stakes. 45.73 million shares or 2.94% more from 44.42 million shares in 2019Q1 were reported.
Stonebridge Cap Advisors Llc stated it has 450 shares or 0.01% of all its holdings. Anchor Cap Advsrs Ltd Liability holds 8,330 shares. American Capital Management Incorporated holds 1.45% or 459,623 shares. 4,817 are owned by Piedmont Advisors Inc. Shufro Rose & Limited Liability Corp stated it has 0.04% in LogMeIn, Inc. (NASDAQ:LOGM). 187,376 were accumulated by Sirios Capital Management L P. Voya Mngmt Lc holds 0.02% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 142,308 shares. Wedge Cap Mgmt L L P Nc owns 5,947 shares. 1,121 are owned by Oppenheimer Asset Mngmt Inc. Logan accumulated 5,963 shares or 0.03% of the stock. Citigroup accumulated 19,237 shares. Huntington National Bank reported 231 shares. Smithfield Trust holds 190 shares or 0% of its portfolio. Aurora Inv Counsel, a Georgia-based fund reported 20,973 shares. Ruggie Cap Grp Inc holds 0% or 7 shares.
The stock of LogMeIn, Inc. (NASDAQ:LOGM) is a huge mover today! The stock decreased 6.84% or $5.46 during the last trading session, reaching $74.34. About 1.07M shares traded or 83.24% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has declined 6.50% since December 4, 2018 and is downtrending. It has underperformed by 6.50% the S&P500.
The move comes after 6 months negative chart setup for the $3.63B company. It was reported on Dec, 4 by Barchart.com. We have $72.11 PT which if reached, will make NASDAQ:LOGM worth $108.87M less.
Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 13. They expect $1.11 EPS, down 10.48 % or $0.13 from last year’s $1.24 per share. LOGM’s profit will be $54.19 million for 16.74 P/E if the $1.11 EPS becomes a reality. After $1.12 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -0.89 % negative EPS growth.
LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage
Among 6 analysts covering LogMeIn (NASDAQ:LOGM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. LogMeIn has $100 highest and $7000 lowest target. $83’s average target is 11.65% above currents $74.34 stock price. LogMeIn had 9 analyst reports since August 22, 2019 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Friday, October 25. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Equal-Weight” rating given on Thursday, August 22 by Stephens. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, October 25. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Northland Capital on Friday, October 25. As per Friday, October 25, the company rating was maintained by KeyBanc Capital Markets.
More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Globenewswire.com which released: “LogMeIn’s Alison Durant Named Chief Marketing Officer of the Year in MassTLC’s Technology Leadership Awards – GlobeNewswire” on November 07, 2019, also Finance.Yahoo.com with their article: “An Intrinsic Calculation For LogMeIn, Inc. (NASDAQ:LOGM) Suggests It’s 41% Undervalued – Yahoo Finance” published on November 27, 2019, Globenewswire.com published: “LastPass Goes Passwordless Nasdaq:LOGM – GlobeNewswire” on December 04, 2019. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Globenewswire.com and their article: “AI-Enabled Platform Ask Poli Draws More Than 1.5 Million Visitors Using LogMeIn’s Bold360 Platform – GlobeNewswire” published on November 06, 2019 as well as Nasdaq.com‘s news article titled: “Interesting LOGM Put And Call Options For December 2020 – Nasdaq” with publication date: November 11, 2019.
LogMeIn, Inc. provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers. The company has market cap of $3.63 billion. The firm offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations to enhance market reach; join.me, join.me pro, and join.me enterprise that are browser online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; Grasshopper, a well-known provider of cloud telephony solutions; and BoldChat, a Web live chat service. It has a 250.3 P/E ratio. It also provides GoToAssist, GoToAssist Corporate, and GoToAssist Seeit, which offer cloud IT support solutions to deliver uptime for people and their computers, mobile devices, and apps; LogMeIn Rescue, Rescue Lens, and LogMeIn Rescue+Mobile, which are Web remote support and customer care services offering remote support; and Xively, an IoT cloud platform and connected product management solution.
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