Wall Street analysts expect that LogMeIn Inc (NASDAQ:LOGM) will report $302.92 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for LogMeIn’s earnings. The lowest sales estimate is $302.47 million and the highest is $303.20 million. LogMeIn posted sales of $269.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that LogMeIn will report full year sales of $1.19 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $1.26 billion, with estimates ranging from $1.24 billion to $1.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for LogMeIn.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, July 26th. The software maker reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. The firm had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $305.13 million. LogMeIn had a return on equity of 6.75% and a net margin of 12.34%. LogMeIn’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS.

A number of equities analysts have weighed in on the company. Piper Jaffray Companies cut LogMeIn from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $135.00 to $95.00 in a report on Friday, July 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $96.00 price target (down previously from $145.00) on shares of LogMeIn in a report on Friday, July 27th. KeyCorp cut their target price on LogMeIn from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Needham & Company LLC cut their target price on LogMeIn from $135.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Finally, ValuEngine lowered LogMeIn from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $116.73.

NASDAQ LOGM traded down $1.87 on Monday, reaching $83.95. The company had a trading volume of 886,490 shares, compared to its average volume of 681,989. The stock has a market cap of $4.62 billion, a PE ratio of 25.06, a P/E/G ratio of 1.21 and a beta of 1.09. LogMeIn has a 1 year low of $77.05 and a 1 year high of $134.80. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.07.

In other LogMeIn news, insider Christopher Battles sold 2,530 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $81.13, for a total value of $205,258.90. Following the transaction, the insider now directly owns 5,468 shares of the company’s stock, valued at approximately $443,618.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.92, for a total value of $1,618,400.00. Following the completion of the transaction, the director now directly owns 664,053 shares in the company, valued at $53,735,168.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,790 shares of company stock worth $5,190,442. 2.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its position in shares of LogMeIn by 0.9% during the 2nd quarter. Northern Trust Corp now owns 475,306 shares of the software maker’s stock valued at $49,076,000 after acquiring an additional 4,168 shares in the last quarter. Global X Management Co LLC acquired a new stake in shares of LogMeIn during the 2nd quarter valued at approximately $216,000. Marshall Wace LLP acquired a new stake in shares of LogMeIn during the 2nd quarter valued at approximately $13,059,000. Cubist Systematic Strategies LLC raised its position in shares of LogMeIn by 76.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,273 shares of the software maker’s stock valued at $1,783,000 after acquiring an additional 7,457 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of LogMeIn by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 338,726 shares of the software maker’s stock valued at $34,973,000 after acquiring an additional 20,083 shares in the last quarter. 98.73% of the stock is currently owned by institutional investors.

LogMeIn Company Profile

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.

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