Were Analysts Bearish LogMeIn, Inc. (NASDAQ:LOGM) This Week?

October 2, 2018 - By Adrian Mccoy

LogMeIn, Inc. (NASDAQ:LOGM) LogoInvestors sentiment increased to 1.07 in 2018 Q2. Its up 0.06, from 1.01 in 2018Q1. It is positive, as 49 investors sold LogMeIn, Inc. shares while 101 reduced holdings. 54 funds opened positions while 106 raised stakes. 50.28 million shares or 1.62% less from 51.10 million shares in 2018Q1 were reported.
United Automobile Association reported 32,836 shares stake. Maplelane Ltd Co owns 100,000 shares. 30,785 are held by Balyasny Asset Mngmt Ltd Llc. Envestnet Asset Mngmt Inc stated it has 4,129 shares or 0% of all its holdings. Swiss Bancorp stated it has 91,800 shares or 0.01% of all its holdings. Janney Montgomery Scott Lc reported 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Pinebridge Investments L P holds 55,168 shares or 0.14% of its portfolio. Thompson Davis & owns 250 shares. Amundi Pioneer Asset Mngmt, Massachusetts-based fund reported 10,364 shares. 16,797 were accumulated by Metropolitan Life Ins Co Ny. 975,114 are held by Clearbridge Invests. Sandy Spring Comml Bank reported 0.01% stake. Rothschild Asset Mngmt stated it has 0.2% in LogMeIn, Inc. (NASDAQ:LOGM). Victory Management owns 0.24% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 1.10M shares. Horan Capital Advisors Ltd Liability Company holds 0% or 25 shares in its portfolio.

Since May 1, 2018, it had 0 buys, and 21 sales for $19.48 million activity. 20,000 shares were sold by Simon Michael K, worth $2.17 million on Monday, June 4. On Monday, May 7 the insider Lok James sold $661,473. $1.01 million worth of LogMeIn, Inc. (NASDAQ:LOGM) was sold by Donahue Michael J. Ford W. Sean sold $301,468 worth of LogMeIn, Inc. (NASDAQ:LOGM) on Saturday, May 26. D’Angelo Lawrence M. also sold $206,473 worth of LogMeIn, Inc. (NASDAQ:LOGM) shares. On Friday, June 1 Benson Steven J. sold $232,375 worth of LogMeIn, Inc. (NASDAQ:LOGM) or 2,144 shares.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 8 analysts covering LogMeIn (NASDAQ:LOGM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. LogMeIn had 11 analyst reports since April 3, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 27 by JP Morgan. The stock has “Neutral” rating by PiperJaffray on Friday, July 27. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Overweight” rating by Barclays Capital on Friday, April 27. The rating was maintained by Barclays Capital with “Overweight” on Friday, September 7. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, July 27 report. The company was downgraded on Friday, July 27 by Robert W. Baird. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Robert W. Baird on Friday, April 27. Oppenheimer upgraded LogMeIn, Inc. (NASDAQ:LOGM) rating on Monday, October 1. Oppenheimer has “Outperform” rating and $105 target. KeyBanc Capital Markets maintained LogMeIn, Inc. (NASDAQ:LOGM) on Friday, July 27 with “Overweight” rating. Below is a list of LogMeIn, Inc. (NASDAQ:LOGM) latest ratings and price target changes.

01/10/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform New Target: $105 Upgrade
07/09/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $105 New Target: $112 Maintain
27/07/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade
27/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $135 New Target: $120 Maintain
27/07/2018 Broker: PiperJaffray Old Rating: Overweight New Rating: Neutral Old Target: $135 New Target: $95 Downgrade
27/07/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
27/07/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $140 New Target: $90 Downgrade
27/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $145.0000 Maintain
27/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $142 New Target: $132 Maintain
06/04/2018 Broker: KeyBanc Capital Markets Rating: Overweight New Target: $135 Initiates Coverage On

The stock decreased 0.64% or $0.56 during the last trading session, reaching $87.35. About 384,486 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has declined 23.28% since October 2, 2017 and is downtrending. It has underperformed by 38.90% the S&P500.

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 $4.53 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 33.83 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.

More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Nasdaq.com which released: “New LastPass Benchmark Report Finds Nearly 50 Percent of Businesses Have Yet to Take Control of Password Security” on October 01, 2018, also Nasdaq.com with their article: “Bold360 by LogMeIn Wins 2018 SaaS Award for Best Customer Service & CRM Product” published on September 18, 2018, Globenewswire.com published: “CLASS ACTION UPDATE for LCI, ORCL and LOGM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on …” on September 26, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: TSLA PDD NVRO ORCL LOGM NLSN ZN SBGI HMNY GDS: The Law Offices of Vincent …” published on September 28, 2018 as well as Globenewswire.com‘s news article titled: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PDD, LCI, LOGM, PM, QRTEA …” with publication date: September 27, 2018.

LogMeIn, Inc. (NASDAQ:LOGM) Institutional Positions Chart

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