Shares of LogMein, Inc. (NASDAQ:LOGM) have been assigned an average rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $135.96.

LOGM has been the subject of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $140.00 price objective on shares of LogMein in a research report on Monday, September 4th. KeyCorp upgraded shares of LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a research report on Friday, July 28th. Robert W. Baird upgraded shares of LogMein from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and set a $170.00 price objective on shares of LogMein in a research report on Tuesday, October 24th. Finally, Cowen Inc restated a “buy” rating and set a $134.00 price objective on shares of LogMein in a research report on Friday, September 1st.

TRADEMARK VIOLATION NOTICE: “LogMein, Inc. (LOGM) Given Consensus Rating of “Buy” by Analysts” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/logmein-inc-logm-given-consensus-rating-of-buy-by-analysts/1722763.html.

LogMein (NASDAQ:LOGM) opened at $119.20 on Friday. LogMein has a 1 year low of $90.35 and a 1 year high of $129.51. The company has a market cap of $6,216.51, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.34.

LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. LogMein had a net margin of 1.01% and a return on equity of 5.50%. The business had revenue of $269.30 million during the quarter, compared to the consensus estimate of $270.56 million. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s revenue was up 216.5% on a year-over-year basis. equities research analysts forecast that LogMein will post 3.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. LogMein’s dividend payout ratio (DPR) is presently 909.17%.

In related news, insider Christopher Battles sold 1,136 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total value of $135,672.48. Following the completion of the sale, the insider now directly owns 2,760 shares in the company, valued at $329,626.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael K. Simon sold 20,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $111.93, for a total value of $2,238,600.00. Following the completion of the sale, the director now owns 765,579 shares of the company’s stock, valued at $85,691,257.47. The disclosure for this sale can be found here. Insiders have sold 24,152 shares of company stock valued at $2,710,858 over the last quarter. Company insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LOGM. Dimensional Fund Advisors LP increased its holdings in LogMein by 368.3% in the first quarter. Dimensional Fund Advisors LP now owns 332,772 shares of the software maker’s stock valued at $32,446,000 after purchasing an additional 261,715 shares during the period. Creative Planning increased its holdings in LogMein by 0.3% in the second quarter. Creative Planning now owns 1,147 shares of the software maker’s stock valued at $120,000 after purchasing an additional 3 shares during the period. LS Investment Advisors LLC increased its holdings in LogMein by 13.9% in the second quarter. LS Investment Advisors LLC now owns 5,400 shares of the software maker’s stock valued at $564,000 after purchasing an additional 657 shares during the period. Aperio Group LLC increased its holdings in LogMein by 19.9% in the second quarter. Aperio Group LLC now owns 32,889 shares of the software maker’s stock valued at $3,437,000 after purchasing an additional 5,463 shares during the period. Finally, State Treasurer State of Michigan increased its holdings in LogMein by 1.4% in the second quarter. State Treasurer State of Michigan now owns 21,702 shares of the software maker’s stock valued at $2,268,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.

LogMein Company Profile

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

Analyst Recommendations for LogMein (NASDAQ:LOGM)

Receive News & Ratings for LogMein Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMein Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.