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NASDAQ:LOGM - LogMeIn Stock Price, Forecast & News

$83.59
+1.25 (+1.52 %)
(As of 03/29/2020 04:50 AM ET)
Today's Range
$81.26
Now: $83.59
$83.62
50-Day Range
$71.52
MA: $83.42
$85.57
52-Week Range
$62.02
Now: $83.59
$86.63
Volume787,941 shs
Average Volume1.46 million shs
Market Capitalization$4.16 billion
P/E RatioN/A
Dividend Yield1.58%
Beta1.01
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$1.26 billion
Cash Flow$10.35 per share
Book Value$55.01 per share

Profitability

Net Income$-14,560,000.00

Miscellaneous

Employees3,974
Market Cap$4.16 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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LogMeIn (NASDAQ:LOGM) Frequently Asked Questions

How has LogMeIn's stock been impacted by COVID-19 (Coronavirus)?

LogMeIn's stock was trading at $83.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LOGM stock has increased by 0.3% and is now trading at $83.59. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of LogMeIn?

9 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LogMeIn.

When is LogMeIn's next earnings date?

LogMeIn is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for LogMeIn.

How were LogMeIn's earnings last quarter?

LogMeIn Inc (NASDAQ:LOGM) announced its quarterly earnings data on Thursday, February, 13th. The software maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.03. The software maker had revenue of $322.68 million for the quarter, compared to the consensus estimate of $320.48 million. LogMeIn had a positive return on equity of 7.25% and a negative net margin of 1.15%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. View LogMeIn's earnings history.

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

LogMeIn announced a quarterly dividend on Thursday, October 24th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.325 per share on Friday, November 29th. This represents a $1.30 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, November 12th. View LogMeIn's dividend history.

What price target have analysts set for LOGM?

9 analysts have issued 1-year price targets for LogMeIn's stock. Their forecasts range from $70.00 to $125.00. On average, they anticipate LogMeIn's stock price to reach $86.76 in the next year. This suggests a possible upside of 3.8% from the stock's current price. View analysts' price targets for LogMeIn.

What are Wall Street analysts saying about LogMeIn stock?

Here are some recent quotes from research analysts about LogMeIn stock:
  • 1. According to Zacks Investment Research, "LogMeIn delivered solid second-quarter results wherein both earnings and revenues surpassed expectations. Strong performance of the company’s growth products remains a key driver. The newly launched GoToConnect and GoToRoom products also make the management optimistic about the stock’s prospects. The expansion of its product portfolio coupled with its rising sales initiatives is expected to accelerate its growth momentum in major markets, namely UCC, IDaaS and Digital Engagement, going forward. However, increasing investments weigh on the company’s bottom line. Intensifying competition from Zoom, Adobe Connect, Google and Microsoft Skype raises concerns. Product consolidation and legacy pressures are anticipated to persist as a bane for Customer Engagement segment." (7/31/2019)
  • 2. 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)

Has LogMeIn been receiving favorable news coverage?

News coverage about LOGM stock has trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of press 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 closest to five being the most favorable. LogMeIn earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutLogMeIn.

Are investors shorting LogMeIn?

LogMeIn saw a increase in short interest in March. As of March 13th, there was short interest totaling 3,639,600 shares, an increase of 32.8% from the February 27th total of 2,740,000 shares. Based on an average trading volume of 1,210,100 shares, the days-to-cover ratio is presently 3.0 days. Approximately 7.6% of the shares of the stock are sold short. View LogMeIn's Current Options Chain.

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), Alibaba Group (BABA), Endologix (ELGX), Chipotle Mexican Grill (CMG), Broadcom (AVGO), NVIDIA (NVDA), Applied Materials (AMAT), Micron Technology (MU) and Netflix (NFLX).

Who are LogMeIn's key executives?

LogMeIn's management team includes the following 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. Marc R. van Zadelhoff, Sr. VP & COO (Age 46)
  • Mr. James S. H. Lok, Sr. VP of Core Technology (Age 59)

What is LogMeIn's stock symbol?

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

Who are LogMeIn's major shareholders?

LogMeIn's stock is owned by many different retail and institutional investors. Top institutional investors include ArrowMark Colorado Holdings LLC (9.67%), First Trust Advisors LP (3.40%), Credit Suisse AG (3.03%), State Street Corp (2.35%), Barclays PLC (2.15%) and Victory Capital Management Inc. (1.95%). Company insiders that own LogMeIn stock include Christopher Battles, Edward K Herdiech, James Lok, Lawrence M D'angelo, Michael J Donahue, Michael K Simon, Peter John Sacripanti, Steven J Benson and W Sean Ford. 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 Bank of New York Mellon Corp, Man Group plc, UBS Asset Management Americas Inc., King Luther Capital Management Corp, Russell Investments Group Ltd., Geode Capital Management LLC, Martingale Asset Management L P, and Renaissance Technologies LLC. Company insiders that have sold LogMeIn company stock in the last year include Edward K Herdiech, Michael J Donahue, Michael K Simon, Peter John Sacripanti, and Steven J Benson. View insider buying and selling activity for LogMeIn.

Which institutional investors are buying LogMeIn stock?

LOGM stock was acquired by a variety of institutional investors in the last quarter, including Barclays PLC, LSV Asset Management, Credit Suisse AG, Norges Bank, Paradice Investment Management LLC, Water Island Capital LLC, MUFG Securities EMEA plc, and FIL Ltd. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is LogMeIn's stock price today?

One share of LOGM stock can currently be purchased for approximately $83.59.

How big of a company is LogMeIn?

LogMeIn has a market capitalization of $4.16 billion and generates $1.26 billion in revenue each year. The software maker earns $-14,560,000.00 in net income (profit) each year or $4.06 on an earnings per share basis. LogMeIn employs 3,974 workers across the globe. View additional information about LogMeIn.

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:  2.7 out of 5 (star star)
Outperform Votes:  565 (Vote Outperform)
Underperform Votes:  464 (Vote Underperform)
Total Votes:  1,029
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 3/29/2020 by MarketBeat.com Staff

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