Mizuho:LogMeIn (NASDAQ:LOGM) Valuation Insights | Thorold N…

LogMeIn, Inc. (NASDAQ:LOGM) Logo

Investors sentiment decreased to 0.91 in 2018 Q4. Its down 0.10, from 1.01 in 2018Q3. It turned negative, as 34 investors sold LogMeIn, Inc. shares while 109 reduced holdings. 45 funds opened positions while 85 raised stakes. 48.36 million shares or 2.80% more from 47.04 million shares in 2018Q3 were reported.

Prelude Cap Limited Liability Corporation reported 0.03% in LogMeIn, Inc. (NASDAQ:LOGM). Manufacturers Life Insurance The invested in 0.01% or 86,164 shares. Oakbrook Invests Ltd Liability stated it has 0.02% in LogMeIn, Inc. (NASDAQ:LOGM). Gmt Cap holds 0.58% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 192,400 shares. Sun Life Fincl Inc accumulated 5,583 shares. 1.47 million are held by Ameriprise. Raymond James Fincl Service Advsrs Inc invested in 0.01% or 14,098 shares. Royal Bank Of Canada holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 15,179 shares. Thrivent Financial For Lutherans holds 13,170 shares or 0% of its portfolio. Franklin Res has 0.02% invested in LogMeIn, Inc. (NASDAQ:LOGM). Swiss Retail Bank accumulated 91,800 shares. Carlson Cap L P stated it has 0.37% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Gemmer Asset Llc accumulated 0% or 69 shares. Hillsdale Management invested 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Dean Investment Assocs Ltd Co holds 0.06% or 4,422 shares in its portfolio.

Since November 5, 2018, it had 0 insider purchases, and 1 sale for $1.71 million activity.

How Mizuho Currently Rates LogMeIn (NASDAQ:LOGM)

In analysts note revealed to investors on Thursday morning, Mizuho analyst just began coverage of LogMeIn (NASDAQ:LOGM) with Neutral rating.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 4 analysts covering LogMeIn (NASDAQ:LOGM), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. LogMeIn has $113 highest and $95 lowest target. $104.33’s average target is 28.49% above currents $81.2 stock price. LogMeIn had 6 analyst reports since October 1, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Friday, February 15 by Needham. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Perform” rating by Oppenheimer on Friday, February 15. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by KeyBanc Capital Markets on Friday, February 15. The firm has “Overweight” rating by Barclays Capital given on Friday, October 26. Oppenheimer upgraded the shares of LOGM in report on Monday, October 1 to “Outperform” rating.

The stock increased 0.10% or $0.08 during the last trading session, reaching $81.2. About 306,063 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has declined 30.12% since March 14, 2018 and is downtrending. It has underperformed by 34.49% the S&P500.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on April, 25. They expect $0.90 earnings per share, down 7.22 % or $0.07 from last year’s $0.97 per share. LOGM’s profit will be $45.75 million for 22.56 P/E if the $0.90 EPS becomes a reality. After $1.24 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -27.42 % negative EPS growth.

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 $4.13 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 57.18 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.

More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Globenewswire.com which released: “LogMeIn Announces Fourth Quarter and Fiscal Year 2018 Results – GlobeNewswire” on February 14, 2019, also Seekingalpha.com with their article: “LogMeIn, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 14, 2019, Nasdaq.com published: “LastPass by LogMeIn Recognized as 2019 InfoSec Award Winner by Cyber Defense Magazine – Nasdaq” on March 13, 2019. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Nasdaq.com and their article: “Bold360 by LogMeIn Recognized as 2019 Stevie Award Winner for Sales & Customer Service – Nasdaq” published on March 06, 2019 as well as Benzinga.com‘s news article titled: “31 Stocks Moving In Friday’s Pre-Market Session – Benzinga” with publication date: February 15, 2019.

LogMeIn, Inc. (NASDAQ:LOGM) Institutional Positions Chart

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