Published On: Wed, Oct 19th, 2016

Analyst Coverage: LogMein, Inc. (NASDAQ:LOGM)


Recently stock market analysts have updated their consensus ratings on shares of LogMein, Inc. (NASDAQ:LOGM).

Most recent broker ratings

10/14/2016 – LogMein, Inc. had its “strong buy” rating reiterated by analysts at Needham & Company. They now have a USD 114 price target on the stock.

10/03/2016 – LogMein, Inc. was upgraded to “overweight” by analysts at Barclays. They now have a USD 105 price target on the stock.

07/27/2016 – LogMein, Inc. was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 96 price target on the stock.

07/27/2016 – LogMein, Inc. was downgraded to “sector weight” by analysts at Pacific Crest.

07/05/2016 – LogMein, Inc. was downgraded to “market perform” by analysts at Cowen. They now have a USD 63 price target on the stock.

04/29/2016 – LogMein, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 70 price target on the stock.

04/29/2016 – LogMein, Inc. had its “buy” rating reiterated by analysts at Dougherty & Co. They now have a USD 65 price target on the stock.

11/30/2015 – LogMein, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 94 price target on the stock.

08/28/2015 – LogMein, Inc. was upgraded to “overweight” by analysts at KeyBanc.

07/24/2015 – LogMein, Inc. had its “outperform” rating reiterated by analysts at Northland Securities. They now have a USD 85 price target on the stock.

12/24/2014 – LogMein, Inc. was downgraded to “neutral” by analysts at Zacks. They now have a USD 55.4 price target on the stock.

07/25/2014 – LogMein, Inc. had its “buy” rating reiterated by analysts at Maxim Group. They now have a USD 58 price target on the stock.

07/09/2014 – Off Wall Street began new coverage on LogMein, Inc. giving the company a “sell” rating. They now have a USD 30 price target on the stock.

LogMein, Inc. has a 50 day moving average of 90.08 and a 200 day moving average of 71.00. The stock’s market capitalization is 2.25B, it has a 52-week low of 35.00 and a 52-week high of 95.99.

The share price of the company (NASDAQ:LOGM) was up +0.20%, with a high of 89.96during the day and the volume of LogMein, Inc. shares traded was 274770.

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.