Stephens Initiates Coverage on LogMeIn (LOGM)
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of LogMeIn to a “buy” rating in a research note to investors on Thursday, April 26th. Analysts at Needham & Company initiated coverage on shares of LogMeIn in a research note to investors on Thursday, March 29th. They set a “buy” rating and a $48.00 price target on the stock.
Shares of LogMeIn traded up 1.17% during mid-day trading on Thursday, hitting $31.03. LogMeIn has a 52 week low of $26.74 and a 52 week high of $44.60. The company has a market cap of $764.2 million and a P/E ratio of 132.20.
LogMeIn last announced its earnings results on Wednesday, April 25th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, analysts predict that LogMeIn will post $0.17 earnings per share next quarter.
LogMeIn, Inc. is a provider of on-demand, remote-connectivity solutions to small and medium-sized businesses (SMBs), information technology (IT) service providers and consumers.