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NASDAQ:LOGMLogMeIn Stock Price, Forecast & News

$82.97
-0.49 (-0.59 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$82.77
Now: $82.97
$83.72
50-Day Range
$71.52
MA: $83.18
$85.55
52-Week Range
$62.02
Now: $82.97
$86.63
Volume932,322 shs
Average Volume1.34 million shs
Market Capitalization$4.13 billion
P/E RatioN/A
Dividend Yield1.56%
Beta0.89
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


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$10.13 per share
Book Value$55.01 per share

Profitability

Net Income$-14,560,000.00

Miscellaneous

Employees3,974
Market Cap$4.13 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, LOGM stock has decreased by 0.5% and is now trading at $82.97. 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) released its quarterly earnings results on Thursday, February, 13th. The software maker reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.40 by $0.03. The software maker earned $322.68 million during the quarter, compared to the consensus estimate of $320.48 million. LogMeIn had a negative net margin of 1.15% and a positive return on equity of 7.25%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 earnings per share. View LogMeIn's earnings history.

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

LogMeIn declared a quarterly dividend on Thursday, October 24th. Investors of record on Wednesday, November 13th will be given a dividend of $0.325 per share on Friday, November 29th. This represents a $1.30 annualized dividend and a yield of 1.57%. The ex-dividend date 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 share price to reach $86.76 in the next twelve months. This suggests a possible upside of 4.6% 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?

Media coverage about LOGM stock has trended very negative on Saturday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LogMeIn earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutLogMeIn.

Are investors shorting LogMeIn?

LogMeIn saw a increase in short interest in the month of 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 daily trading volume, of 1,210,100 shares, the short-interest ratio is presently 3.0 days. Currently, 7.6% of the company's stock are short sold. 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."

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 $82.97.

How big of a company is LogMeIn?

LogMeIn has a market capitalization of $4.13 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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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