Stephens Initiates Coverage on LogMeIn (LOGM)

By admin | 6 years ago

Equities research analysts at Stephens started coverage on shares of LogMeIn (NASDAQ: LOGM) in a research note issued to investors on Thursday. The firm set an “overweight” rating on the stock.

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.

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