EPS for LogMeIn Inc (LOGM) Expected At $0.86

October 12, 2017 - By Adrian Erickson

 EPS for LogMeIn Inc (LOGM) Expected At $0.86
Investors sentiment decreased to 1.02 in Q2 2017. Its down 3.31, from 4.33 in 2017Q1. It dropped, 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.
Jane Street Grp Ltd Liability Corp reported 98,788 shares. Natl Bank Of Montreal Can accumulated 21,859 shares. Caxton Associate Lp owns 3,000 shares for 0% of their portfolio. Axiom Interest Investors Llc De holds 0.2% or 79,694 shares in its portfolio. Thrivent For Lutherans holds 0% or 10,650 shares in its portfolio. Prelude Capital Management Llc holds 5,563 shares or 0.05% of its portfolio. Prudential Financial stated it has 80,797 shares. Meeder Asset has invested 0.01% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). Alyeska Inv Gp L P reported 491,872 shares. Capital Fund Mgmt reported 0.12% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). Valinor Mgmt Lp holds 3.15% in LogMeIn Inc (NASDAQ:LOGM) or 989,308 shares. Moreover, Icon Advisers Inc has 0.51% invested in LogMeIn Inc (NASDAQ:LOGM). Texas Permanent School Fund reported 38,463 shares. Weiss Multi stated it has 43,524 shares or 0.19% of all its holdings. Citigroup Inc holds 0% or 7,316 shares in its portfolio.

Since May 9, 2017, it had 0 insider purchases, and 17 insider sales for $12.87 million activity. $996,955 worth of stock was sold by Wagner William Raymond on Tuesday, May 9. CALDERONI ROBERT sold $1.42 million worth of stock. Battles Christopher sold $293,372 worth of stock. 14,876 shares were sold by GILLIS EDWIN J, worth $1.64M. The insider D’Angelo Lawrence M. sold 4,412 shares worth $485,274. The insider Donahue Michael J sold 5,054 shares worth $557,345.

Analysts await LogMeIn Inc (NASDAQ:LOGM) to report earnings on October, 26. They expect $0.86 EPS, up 168.75 % or $0.54 from last year’s $0.32 per share. LOGM’s profit will be $45.37M for 33.56 P/E if the $0.86 EPS becomes a reality. After $0.80 actual EPS reported by LogMeIn Inc for the previous quarter, Wall Street now forecasts 7.50 % EPS growth. 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. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, July 27 report. The firm earned “Outperform” rating on Friday, February 3 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 12. The firm has “Strong-Buy” rating given on Thursday, September 3 by Needham. The stock of LogMeIn Inc (NASDAQ:LOGM) earned “Buy” rating by Dougherty & Company on Friday, April 29. The stock of LogMeIn Inc (NASDAQ:LOGM) has “Buy” rating given on Thursday, September 21 by Needham. The rating was upgraded by Barclays Capital to “Overweight” on Monday, October 3. Cowen & Co upgraded it to “Outperform” rating and $115 target in Friday, April 7 report. The firm earned “Overweight” rating on Friday, August 28 by KeyBanc Capital Markets. TheStreet upgraded LogMeIn Inc (NASDAQ:LOGM) on Tuesday, August 25 to “Hold” rating.

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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