Logitech International (NASDAQ:LOGI) Stock Rating Reaffirmed by Wedbush

Logitech International (NASDAQ:LOGI)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a report released on Tuesday, Benzinga reports. They currently have a $92.00 target price on the technology company’s stock. Wedbush’s price target suggests a potential upside of 15.85% from the stock’s previous close.

A number of other brokerages also recently weighed in on LOGI. Barclays lifted their price target on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Citigroup lifted their price objective on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Berenberg Bank began coverage on Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Logitech International has a consensus rating of “Hold” and a consensus target price of $92.43.

Logitech International Trading Up 0.5 %

Shares of LOGI stock opened at $79.41 on Tuesday. Logitech International has a 1-year low of $53.91 and a 1-year high of $96.66. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.64 and a beta of 0.74. The stock’s fifty day simple moving average is $87.60 and its 200-day simple moving average is $86.27.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.43. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, sell-side analysts predict that Logitech International will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Insiders sold 24,572 shares of company stock valued at $2,207,555 over the last quarter. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several large investors have recently made changes to their positions in LOGI. Impact Partnership Wealth LLC acquired a new position in shares of Logitech International during the 3rd quarter worth about $25,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Logitech International during the 4th quarter worth about $33,000. Global Retirement Partners LLC lifted its position in shares of Logitech International by 764.4% during the 1st quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock worth $35,000 after purchasing an additional 344 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Logitech International by 65.6% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.