Logitech International S.A. (NASDAQ:LOGI) Given Consensus Recommendation of “Hold” by Brokerages

Logitech International S.A. (NASDAQ:LOGI) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $97.13.

Several brokerages recently commented on LOGI. Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd.

Logitech International Price Performance

Shares of LOGI opened at $99.42 on Friday. The firm has a 50-day moving average of $87.01 and a 200-day moving average of $86.07. Logitech International has a one year low of $74.72 and a one year high of $102.59. The company has a market cap of $15.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Analysts expect that Logitech International will post 4.18 earnings per share for the current year.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

Institutional Trading of Logitech International

Institutional investors and hedge funds have recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Logitech International during the 4th quarter worth approximately $27,000. Exane Asset Management acquired a new position in Logitech International during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB increased its position in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC increased its position in Logitech International by 109.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after purchasing an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. increased its position in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,153 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.