NASDAQ:LOGM - LogMeIn Stock Price, News, & Analysis

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$80.89 -3.40 (-4.03 %)
(As of 04/26/2019 12:36 PM ET)
Previous Close$84.29
Today's Range$79.14 - $84.70
52-Week Range$74.87 - $120.95
Volume51,912 shs
Average Volume815,286 shs
Market Capitalization$4.04 billion
P/E Ratio17.81
Dividend Yield1.54%
Beta1.03
LogMeIn, Inc. provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. The company offers GoToConference, a video and audio conferencing solution; GoToMeeting, a product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, an online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations; Grasshopper telephony solution; Jive, a cloud-based phone service; join.me, join.me pro, and join.me business, which are online meeting and screen sharing services; and OpenVoice, a reservation-less audio conferencing service. It also provides Bold360 and BoldChat, an omni-channel engagement platform and live chat service respectively; Bold360 ai, an automated customer service; RescueAssist, GoToAssist Corporate, and GoToAssist Seeit, which are easy-to-use cloud-based remote support solutions; LogMeIn Rescue, a remote support and customer care service; and LogMeIn Rescue+Mobile and Rescue Lens that are Web-based remote support services. In addition, the company offers LogMeIn Central, a Web-based management console; GoToMyPC that enables mobile workstyles; LogMeIn Pro, a remote access service; and LastPass, a password management and single sign on solution. It serves enterprise customers, small and medium businesses, IT service providers, mobile carriers, customer service centers, OEMs, and consumers. The company was formerly known as 3am Labs, Inc. and changed its name to LogMeIn, Inc. in March 2006. LogMeIn, Inc. was founded in 2003 and is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia, and Australia.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:LOGM
CUSIP54142L10
Phone781-638-9050

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.20 billion
Cash Flow$10.2005 per share
Book Value$58.14 per share

Profitability

Net Income$74.37 million

Miscellaneous

Employees3,515
Market Cap$4.04 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

LogMeIn (NASDAQ:LOGM) Frequently Asked Questions

What is LogMeIn's stock symbol?

LogMeIn trades on the NASDAQ under the ticker symbol "LOGM."

How often does LogMeIn pay dividends? What is the dividend yield for LogMeIn?

LogMeIn announced a quarterly dividend on Friday, February 15th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.325 per share on Tuesday, March 12th. This represents a $1.30 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, February 22nd. This is an increase from LogMeIn's previous quarterly dividend of $0.30. View LogMeIn's Dividend History.

How were LogMeIn's earnings last quarter?

LogMeIn Inc (NASDAQ:LOGM) issued its quarterly earnings data on Thursday, April, 25th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.27. The software maker earned $307.70 million during the quarter, compared to analyst estimates of $305.57 million. LogMeIn had a net margin of 6.17% and a return on equity of 7.69%. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. View LogMeIn's Earnings History.

When is LogMeIn's next earnings date?

LogMeIn is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for LogMeIn.

What guidance has LogMeIn issued on next quarter's earnings?

LogMeIn issued an update on its FY19 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of $4.96-5.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.94. The company issued revenue guidance of $1.253-1.263 billion, compared to the consensus revenue estimate of $1.26 billion.LogMeIn also updated its FY 2019 guidance to $4.96-5.02 EPS.

What price target have analysts set for LOGM?

12 brokers have issued 1 year price targets for LogMeIn's stock. Their predictions range from $74.00 to $145.00. On average, they expect LogMeIn's stock price to reach $100.80 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price. View Analyst Price Targets for LogMeIn.

What is the consensus analysts' recommendation for LogMeIn?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LogMeIn in the last year. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for LogMeIn.

What are Wall Street analysts saying about LogMeIn stock?

Here are some recent quotes from research analysts about LogMeIn stock:
  • 1. Northland Securities analysts commented, "We think this is key to getting the company back to double digit growth and will be the fundamental driver to shares. Key Points Q1 Results: Q1 revenue came in at $308.1mn above consensus $306mn with earnings of $1.17 also above consensus $1.14. Adjusted EBITDA above expectations, posting $96.8mn (31.4% margin) vs. consensus $95mn. Adjusted cash flow from operations was $119.7mn, or 38.8% margin vs consensus $127mn or 41.5% margin. Deferred revenues were up 45% to $402.3mn." (4/26/2019)
  • 2. According to Zacks Investment Research, "LogMeIn's shares have underperformed the industry year to date. Intensifying competition from Adobe Connect, Google and Microsoft Skype pose major threats to the company. Moreover, higher spending on sales & marketing plus research & development expenses are putting margins under pressure. LogMeIn continues to acquire a large number of companies, which exposes it to integration risks. Moreover, frequent acquisitions are a distraction for management, which could impact organic growth, moving ahead. However, LogMeIn reaps benefits from a strong product portfolio comprising Jive, Bold360 ai and LastPass. The company’s efforts to address renewal headwinds in the Communications & Collaboration business are also garnering solid returns. Estimates have been stable, lately, ahead of the company’s first earnings release. It pulled off positive earnings surprises in the recent quarters." (4/23/2019)

Has LogMeIn been receiving favorable news coverage?

Media stories about LOGM stock have trended somewhat positive on Friday, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. LogMeIn earned a news impact score of 2.0 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the immediate future.

Who are some of LogMeIn's key competitors?

What other stocks do shareholders of LogMeIn own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LogMeIn investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Alibaba Group (BABA), NVIDIA (NVDA), Broadcom (AVGO), Workday (WDAY) and Applied Materials (AMAT).

Who are LogMeIn's key executives?

LogMeIn's management team includes the folowing people:
  • Mr. William R. Wagner, Pres, CEO & Director (Age 52)
  • Mr. Michael K. Simon, Co-Founder, Director & Special Advisor to CEO (Age 54)
  • Mr. Edward K. Herdiech, CFO & Treasurer (Age 52)
  • Mr. Lawrence M. D'Angelo, Sr. VP & Chief Sales Officer (Age 55)
  • Mr. James S. H. Lok, Sr. VP of Core Technology (Age 59)

Who are LogMeIn's major shareholders?

LogMeIn's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Copeland Capital Management LLC (0.47%), Los Angeles Capital Management & Equity Research Inc. (0.33%), Retirement Systems of Alabama (0.31%), AMI Asset Management Corp (0.24%), Highland Capital Management LLC (0.05%) and Meeder Asset Management Inc. (0.03%). Company insiders that own LogMeIn stock include Christopher Battles, Edward K Herdiech, Edwin J Gillis, James Lok, Lawrence M D'angelo, Michael J Donahue, Michael K Simon, Robert Calderoni, Steven J Benson, W Sean Ford and William Raymond Wagner. View Institutional Ownership Trends for LogMeIn.

Which institutional investors are selling LogMeIn stock?

LOGM stock was sold by a variety of institutional investors in the last quarter, including AMI Asset Management Corp, Virginia Retirement Systems ET AL, BNP Paribas Arbitrage SA, State of Alaska Department of Revenue and Retirement Systems of Alabama. Company insiders that have sold LogMeIn company stock in the last year include Christopher Battles, Edward K Herdiech, James Lok, Lawrence M D'angelo, Michael J Donahue, Michael K Simon, Steven J Benson and W Sean Ford. View Insider Buying and Selling for LogMeIn.

Which institutional investors are buying LogMeIn stock?

LOGM stock was acquired by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Copeland Capital Management LLC, Highland Capital Management LLC, Meeder Asset Management Inc., Mercer Global Advisors Inc. ADV, Oppenheimer & Co. Inc., Mercer Global Advisors Inc. ADV and Sciencast Management LP. View Insider Buying and Selling for LogMeIn.

How do I buy shares of LogMeIn?

Shares of LOGM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is LogMeIn's stock price today?

One share of LOGM stock can currently be purchased for approximately $81.02.

How big of a company is LogMeIn?

LogMeIn has a market capitalization of $4.05 billion and generates $1.20 billion in revenue each year. The software maker earns $74.37 million in net income (profit) each year or $4.55 on an earnings per share basis. LogMeIn employs 3,515 workers across the globe.

What is LogMeIn's official website?

The official website for LogMeIn is http://www.logmeininc.com.

How can I contact LogMeIn?

LogMeIn's mailing address is 320 SUMMER STREET, BOSTON MA, 02210. The software maker can be reached via phone at 781-638-9050 or via email at [email protected]


MarketBeat Community Rating for LogMeIn (NASDAQ LOGM)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  504 (Vote Outperform)
Underperform Votes:  376 (Vote Underperform)
Total Votes:  880
MarketBeat's community ratings are surveys of what our community members think about LogMeIn and other stocks. Vote "Outperform" if you believe LOGM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LOGM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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