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NASDAQ:LOGMLogMeIn Stock Price, Forecast & News

$84.07
-0.84 (-0.99 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$83.90
Now: $84.07
$85.10
50-Day Range
$82.97
MA: $84.83
$85.46
52-Week Range
$62.02
Now: $84.07
$86.63
Volume2.84 million shs
Average Volume681,820 shs
Market Capitalization$4.10 billion
P/E RatioN/A
Dividend Yield0.77%
Beta0.78
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$10.19 per share
Book Value$56.19 per share

Profitability

Net Income$-14,560,000.00

Miscellaneous

Employees3,974
Market Cap$4.10 billion
Next Earnings Date7/23/2020 (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 (WHO). Since then, LOGM stock has increased by 0.9% and is now trading at $84.07. View which stocks have been most 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, July 23rd 2020. View our earnings forecast for LogMeIn.

How were LogMeIn's earnings last quarter?

LogMeIn Inc (NASDAQ:LOGM) issued its quarterly earnings data on Thursday, April, 23rd. The software maker reported $1.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.20 by $0.01. The software maker had revenue of $322.38 million for the quarter, compared to analyst estimates of $323.36 million. LogMeIn had a negative net margin of 1.32% and a positive return on equity of 7.31%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $1.17 EPS. 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 paid a dividend of $0.325 per share on Friday, November 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, November 12th. View LogMeIn's dividend history.

What price target have analysts set for LOGM?

9 equities research analysts have issued 1 year target prices for LogMeIn's shares. Their forecasts range from $70.00 to $91.00. On average, they anticipate LogMeIn's stock price to reach $81.29 in the next twelve months. This suggests that the stock has a possible downside of 3.3%. View analysts' price targets for LogMeIn.

Has LogMeIn been receiving favorable news coverage?

News coverage about LOGM stock has been trending extremely negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. 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 news impact score of -4.0 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutLogMeIn.

Are investors shorting LogMeIn?

LogMeIn saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,660,000 shares, an increase of 12.6% from the April 30th total of 3,250,000 shares. Based on an average daily trading volume, of 948,400 shares, the days-to-cover ratio is currently 3.9 days. Currently, 7.7% of the shares of the company 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), Chipotle Mexican Grill (CMG), Endologix (ELGX), 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.32%), ArrowMark Colorado Holdings LLC (5.28%), Water Island Capital LLC (3.02%), First Trust Advisors LP (2.60%), State Street Corp (2.44%) and Alpine Associates Management Inc. (2.23%). 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 ArrowMark Colorado Holdings LLC, Clearbridge Investments LLC, First Trust Advisors LP, Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, JPMorgan Chase & Co., and King Luther Capital Management Corp. Company insiders that have sold LogMeIn company stock in the last year include Edward K Herdiech, Michael J Donahue, 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 purchased by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Omni Partners LLP, PSquared Asset Management AG, Alpine Associates Management Inc., Deutsche Bank AG, IndexIQ Advisors LLC, CNH Partners LLC, and Strs Ohio. 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 $84.07.

How big of a company is LogMeIn?

LogMeIn has a market capitalization of $4.10 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.

What is LogMeIn's official website?

The official website for LogMeIn is 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 5/27/2020 by MarketBeat.com Staff

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