Analysts See $0.86 EPS for LogMeIn Inc (LOGM)

October 12, 2017 - By Adrian Erickson

 Analysts See $0.86 EPS for LogMeIn Inc (LOGM)
Investors sentiment decreased to 1.02 in 2017 Q2. Its down 3.31, from 4.33 in 2017Q1. It worsened, as 59 investors sold LogMeIn Inc shares while 116 reduced holdings. 66 funds opened positions while 113 raised stakes. 48.76 million shares or 49.78% less from 97.10 million shares in 2017Q1 were reported.
Jericho Cap Asset Mgmt Lp stated it has 3.46% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). Finance Architects invested 0% in LogMeIn Inc (NASDAQ:LOGM). Federated Invsts Inc Pa has 29,868 shares for 0.01% of their portfolio. Commonwealth Commercial Bank Of Australia owns 0% invested in LogMeIn Inc (NASDAQ:LOGM) for 164 shares. Frontier Capital Lc has 14,643 shares for 0.01% of their portfolio. Credit Agricole S A reported 0% stake. Blackrock owns 4.23M shares. Utah Retirement Systems stated it has 0.02% in LogMeIn Inc (NASDAQ:LOGM). Verition Fund Management Limited Liability has invested 0.03% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). Moreover, Cibc Ww Corporation has 0.11% invested in LogMeIn Inc (NASDAQ:LOGM) for 96,550 shares. Fiduciary Tru Co holds 1,648 shares or 0.01% of its portfolio. 31,660 were accumulated by Stevens Limited Partnership. First Personal Financial Services has invested 0.01% in LogMeIn Inc (NASDAQ:LOGM). Clarivest Asset Management Ltd Company accumulated 0.07% or 27,856 shares. Raymond James Advisors reported 0% of its portfolio in LogMeIn Inc (NASDAQ:LOGM).

Since May 9, 2017, it had 0 insider buys, and 17 selling transactions for $12.87 million activity. Shares for $557,345 were sold by Donahue Michael J on Friday, May 26. Ford W. Sean sold $291,314 worth of stock or 2,647 shares. Simon Michael K had sold 20,000 shares worth $2.26 million. $164,990 worth of stock was sold by Herdiech Edward K. on Friday, May 26. CALDERONI ROBERT also sold $1.42M worth of LogMeIn Inc (NASDAQ:LOGM) on Friday, June 9. D’Angelo Lawrence M. sold $376,105 worth of stock or 3,377 shares.

Investors wait LogMeIn Inc (NASDAQ:LOGM) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.86 EPS, up $0.54 or 168.75 % from last year’s $0.32 same quarter earnings. This translates into $45.37M profit for LOGM giving the stock a 33.56 P/E. This is assuming the current $0.86 EPS is accurate. LogMeIn Inc’s Wall Street analysts see 7.50 % EPS growth, taking into account the $0.80 EPS reproted in the previous quarter, The stock decreased 0.69% or $0.8 during the last trading session, reaching $115.45. About 329,810 shares traded. LogMeIn Inc (NASDAQ:LOGM) has risen 101.86% since October 13, 2016 and is uptrending. It has outperformed by 85.16% the S&P500.

LogMeIn Inc (NASDAQ:LOGM) Ratings Coverage

Among 12 analysts covering LogMeIn (NASDAQ:LOGM), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. LogMeIn had 37 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, July 27 by JP Morgan. The stock of LogMeIn Inc (NASDAQ:LOGM) earned “Sector Weight” rating by Pacific Crest on Wednesday, July 27. The firm earned “Neutral” rating on Thursday, December 8 by Robert W. Baird. The firm has “Hold” rating given on Tuesday, August 25 by TheStreet. The firm has “Buy” rating by Dougherty & Company given on Friday, April 29. Robert W. Baird upgraded the shares of LOGM in report on Tuesday, October 3 to “Outperform” rating. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, July 28. Northland Capital maintained it with “Outperform” rating and $85 target in Friday, July 24 report. The firm earned “Strong Buy” rating on Friday, October 14 by Needham. RBC Capital Markets maintained it with “Outperform” rating and $90 target in Friday, October 23 report.

LogMeIn, Inc. provides a portfolio of cloud service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The company has market cap of $6.09 billion. The Company’s core cloud services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings. It currently has negative earnings. The Company’s communication and collaboration services include GoToMeeting; GoToTraining; GoToWebinar; join.me, join.me pro and join.me enterprise; OpenVoice, and Grasshopper.

Another recent and important LogMeIn Inc (NASDAQ:LOGM) news was published by Seekingalpha.com which published an article titled: “LogMeIn – Where’s the growth?” on October 11, 2017.

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