LogMeIn Inc (NASDAQ:LOGM) target bumped up to $105.00, released a research note earlier today by Zacks Investment Research
- Updated: October 8, 2016
Zacks Investment Research bumped up the target of LogMeIn Inc (NASDAQ:LOGM) to $105.00 stating a potential upside of 0.12%.
On 10/3/2016, Barclays released a statement on LogMeIn Inc (NASDAQ:LOGM) bumped up the target price from $82.00 to $105.00 that suggested an upside of 0.16%.
Boasting a price of $93.42, LogMeIn Inc (NASDAQ:LOGM) traded -0.09% lower on the day. With the last close up 35.64% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. LogMeIn Inc has recorded a 50-day average of $88.34 and a two hundred day average of $68.86. Volume of trade was down over the average, with 176,225 shares of LOGM changing hands under the typical 385,194
With a total market value of $0, LogMeIn Inc has price-earnings ratio of 183.50 with a one year low of $35.00 and a one year high of $95.99 .
A total of 10 brokerages have issued a research note on the company. 3 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $68.90.
General Company Details For LogMeIn Inc (NASDAQ:LOGM)
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 product line includes AppGuru, BoldChat, Cubby, join.me, LastPass, LogMeIn Pro, LogMeIn Central, LogMeIn Rescue, LogMeIn Rescue+Mobile, LogMeIn Backup, LogMeIn for iOS, LogMeIn Hamachi, MeldiumTM, Xively and RemotelyAnywhere. The Company's services are focused on markets, such as identity and access management, collaboration and the Internet of Things, and are delivered through the cloud as hosted services, commonly called software-as-a-service (SaaS). The Company offers both free and fee based, or premium, services. The Company's core cloud-based services are categorized into business lines, including Collaboration, Service and Support, Identity and Access Management, and Connected Products. It also offers annual maintenance services that include software upgrades and support services for this application.
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