LogMeIn, Inc. (LOGM) Can’t Be More Hot. Just Reaches All Time High

February 15, 2018 - By Vivian Park

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It increased, as 33 investors sold LogMeIn, Inc. shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported.
Alphaone Services Limited Liability owns 2,100 shares for 0.06% of their portfolio. 4,087 were reported by Diversified. Axa holds 0.03% or 54,900 shares. Whittier Tru Of Nevada has 308 shares. The Massachusetts-based Rhumbline Advisers has invested 0.03% in LogMeIn, Inc. (NASDAQ:LOGM). Barclays Public Ltd Com holds 0% or 9,363 shares. Renaissance Technologies Lc invested 0.09% in LogMeIn, Inc. (NASDAQ:LOGM). Gargoyle Inv Advisor Limited Liability Corporation reported 0.2% in LogMeIn, Inc. (NASDAQ:LOGM). State Of Wisconsin Invest Board holds 10,555 shares. Advantus Capital Mgmt invested in 0.02% or 6,631 shares. Ngam Advisors Lp reported 17,272 shares stake. Profund Advsr Limited Company invested in 27,851 shares. Gam Ag has invested 0.05% in LogMeIn, Inc. (NASDAQ:LOGM). Aperio Grp Ltd Liability Corporation invested in 0.02% or 36,343 shares. Amica Mutual owns 1,558 shares.

Since September 11, 2017, it had 0 insider purchases, and 2 insider sales for $2.58 million activity. Simon Michael K had sold 20,000 shares worth $2.24 million on Monday, September 11.

The stock of LogMeIn, Inc. (NASDAQ:LOGM) reached all time high today, Feb, 15 and still has $144.40 target or 9.00 % above today’s $132.48 share price. This indicates more upside for the $6.97B company. This technical setup was reported by Barchart.com. If the $144.40 PT is reached, the company will be worth $627.57 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.75% or $2.275 during the last trading session, reaching $132.475. About 528,434 shares traded or 5.04% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 15, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 EPS, up 175.76 % or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90 million for 36.39 P/E if the $0.91 EPS becomes a reality. After $0.93 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15 % negative EPS growth.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Strong Buy” rating given on Friday, July 24 by Needham. RBC Capital Markets maintained the shares of LOGM in report on Sunday, September 3 with “Buy” rating. As per Friday, July 28, the company rating was maintained by Oppenheimer. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, January 25 report. Dougherty & Company maintained LogMeIn, Inc. (NASDAQ:LOGM) on Friday, April 29 with “Buy” rating. JP Morgan upgraded LogMeIn, Inc. (NASDAQ:LOGM) on Wednesday, July 27 to “Overweight” rating. Needham maintained it with “Strong Buy” rating and $114 target in Friday, October 14 report. On Friday, February 3 the stock rating was reinitiated by RBC Capital Markets with “Outperform”. The rating was upgraded by Cowen & Co on Friday, April 7 to “Outperform”.

More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Globenewswire.com which released: “LogMeIn Introduces the Future of Customer Engagement with New AI Powered …” on February 13, 2018, also Globenewswire.com with their article: “LogMeIn Announces Deal to Acquire Jive Communications, Takes Aim at $25 …” published on February 08, 2018, Seekingalpha.com published: “The Scalability Problem At LogMeIn” on January 17, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Globenewswire.com and their article: “LogMeIn Communications & Collaboration Products Named a Leader in Aragon …” published on January 17, 2018 as well as Nasdaq.com‘s news article titled: “LogMein, Inc. (LOGM) Ex-Dividend Date Scheduled for February 09, 2018” with publication date: February 08, 2018.

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 $6.97 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 748.45 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.

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