Could LogMeIn, Inc. (LOGM) Skyrocket Even More? The Stock Just Made All Time High

February 15, 2018 - By Stephen Andrade

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It increased, as 33 investors sold LogMeIn, Inc. shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported.
Bnp Paribas Arbitrage Sa owns 18,159 shares. Thompson Siegel And Walmsley Limited Liability, Virginia-based fund reported 39 shares. Jane Street Llc holds 0% or 9,929 shares in its portfolio. 13D Ltd Llc stated it has 0.63% in LogMeIn, Inc. (NASDAQ:LOGM). Summit Creek Advsrs Limited Liability Corporation invested in 2.36% or 108,925 shares. Us Bancorporation De holds 0% or 5,770 shares in its portfolio. Northwestern Mutual Wealth Mngmt Co has 317 shares for 0% of their portfolio. Loomis Sayles Lp invested 0.06% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Fifth Third Bancshares accumulated 0% or 248 shares. Livforsakringsbolaget Skandia Omsesidigt invested 0.01% in LogMeIn, Inc. (NASDAQ:LOGM). 26,593 were accumulated by Cubist Systematic Strategies Limited Liability Corp. Commonwealth Bancshares Of accumulated 9 shares. Proshare Advsr Ltd has 5,123 shares for 0.01% of their portfolio. Kbc Nv accumulated 2,022 shares. Gargoyle Invest Advisor Ltd Llc reported 4,946 shares.

Since September 11, 2017, it had 0 buys, and 2 selling transactions for $2.58 million activity. Benson Steven J. sold $336,591 worth of stock or 3,016 shares.

The stock of LogMeIn, Inc. (NASDAQ:LOGM) reached all time high today, Feb, 15 and still has $144.40 target or 9.00 % above today’s $132.48 share price. This indicates more upside for the $6.97B company. This technical setup was reported by Barchart.com. If the $144.40 PT is reached, the company will be worth $627.57 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.75% or $2.275 during the last trading session, reaching $132.475. About 528,434 shares traded or 5.04% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 15, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 EPS, up 175.76 % or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90 million for 36.39 P/E if the $0.91 EPS becomes a reality. After $0.93 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15 % negative EPS growth.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 9 report. The company was upgraded on Wednesday, July 27 by JP Morgan. RBC Capital Markets maintained it with “Outperform” rating and $70 target in Friday, April 29 report. The company was maintained on Wednesday, August 9 by Oppenheimer. The company was maintained on Monday, October 23 by Piper Jaffray. The rating was initiated by Piper Jaffray with “Buy” on Friday, June 23. The firm earned “Strong Buy” rating on Friday, October 14 by Needham. The firm has “Buy” rating by Needham given on Thursday, September 21. Barclays Capital maintained LogMeIn, Inc. (NASDAQ:LOGM) on Wednesday, July 27 with “Underweight” rating. The company was maintained on Sunday, October 8 by RBC Capital Markets.

More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Globenewswire.com which released: “LogMeIn Announces Dividend Increase of 20%” on February 01, 2018, also Globenewswire.com with their article: “LogMeIn Communications & Collaboration Products Named a Leader in Aragon …” published on January 17, 2018, Nasdaq.com published: “LogMein, Inc. (LOGM) Ex-Dividend Date Scheduled for February 09, 2018” on February 08, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Globenewswire.com and their article: “LogMeIn Announces Deal to Acquire Jive Communications, Takes Aim at $25 …” published on February 08, 2018 as well as Globenewswire.com‘s news article titled: “LogMeIn Introduces the Future of Customer Engagement with New AI Powered …” with publication date: February 13, 2018.

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 $6.97 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 748.45 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.

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