Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $92.88

Logitech International S.A. (NASDAQ:LOGI) has received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two 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 $92.88.

A number of equities analysts have weighed in on the stock. Loop Capital dropped their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. StockNews.com cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $114.00 to $92.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the second quarter worth approximately $35,000. Employees Retirement System of Texas bought a new position in shares of Logitech International during the 2nd quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after acquiring an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. raised its stake in Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Logitech International during the 3rd quarter valued at $105,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $85.76 on Monday. The business has a fifty day moving average of $82.06 and a 200-day moving average of $86.07. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59. The firm has a market cap of $13.56 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.

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.