Company Stock Price of LogMein, Inc. (LOGM) Decreases -1.31%

LogMein, Inc. stock performance trend indicates that the stock price has rallied 2.83% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 8.36% . Looking at the past 52 week period, the stock price is up at 90.08% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of LogMein, Inc. has a positive value of 81.07 compared to overall market.LogMeIn, Inc. is having a Relative Strength Index of 48.65 which indicates the stock is not yet over sold or over bought based on the technical indicators.

LogMein, Inc. (NASDAQ:LOGM) has tumbled 1.31% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.19% in the last four weeks. The stocks have underperformed the S&P 500 by 1.54% during the past week but LogMein, Inc. (NASDAQ:LOGM) it has outperformed the index in 4 weeks by 1.03%.

For the current week, the company shares have a recommendation consensus of Buy. LogMein, Inc. (NASDAQ:LOGM) : On Friday heightened volatility was witnessed in LogMein, Inc. (NASDAQ:LOGM) which led to swings in the share price. The stock opened for trading at $96.9 and hit $98.75 on the upside , eventually ending the session at $97.95, with a gain of 0.31% or 0.3 points. The heightened volatility saw the trading volume jump to 1,682,745 shares. The 52-week high of the share price is $110.1 and the company has a market cap of $5,149 million. The 52-week low of the share price is at $47.36 .

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.LogMeIn Inc was Resumed by Needham on Mar 10, 2017 to Buy, Price Target of the shares are set at $110.Company shares were Resumed by RBC Capital Mkts on Feb 3, 2017 to Outperform, Raises Price Target to $ 125 from a previous price target of $70 .Company shares were Reiterated by Barclays on Jan 25, 2017 to Overweight, Raises Price Target to $ 120 from a previous price target of $110 .

Company has reported several Insider transactions to the SEC, on Mar 9, 2017, Steven J. Benson (director) purchased 400 shares at 98.39 per share price.On Mar 7, 2017, Michael K Simon (director) sold 70,000 shares at 97.50 per share price.On Mar 7, 2017, W. Sean Ford (Chief Marketing Officer) sold 7,466 shares at 96.99 per share price.

LogMeIn Inc Last issued its quarterly earnings results on Feb 28, 2017. The company reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.58. The company had revenue of $88.00 million for the quarter, compared to analysts expectations of $87.37 million. The companys revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

LogMeIn Inc., with world headquarters located near Boston in Woburn, Massachusetts, is a leading provider of on-demand, remote-connectivity and support solutions to small businesses, IT service providers and consumers. The company also has its European headquarters in Amsterdam, the Netherlands, and a development center in Budapest, Hungary. LogMeIns software-as-a-service suite of solutions includes capabilities for on-demand customer support of PCs, smartphones and other devices, systems administration, remote access, remote control, file-sharing, virtual private networking, data back-up and online meeting. Its solutions, which are deployed on-demand and accessible through a Web browser, are secure, scalable and easy for its customers to try, purchase and use. The companys vision is to improve mobility, business productivity and connectivity through its Connectivity as a ServiceSM solutions.


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