Logitech International SA (LOGI) Shares Gap Up to $20.45
Logitech International SA (NASDAQ:LOGI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $20.36, but opened at $20.45. Logitech International SA shares last traded at $20.78, with a volume of 485,144 shares changing hands.
A number of research firms recently weighed in on LOGI. Rosenblatt Securities restated a “buy” rating and issued a $22.75 target price (up previously from $18.00) on shares of Logitech International SA in a report on Wednesday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of Logitech International SA from $13.50 to $18.00 and gave the stock an “underweight” rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered shares of Logitech International SA from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Logitech International SA has a consensus rating of “Hold” and an average target price of $18.44.
The stock has a 50 day moving average price of $17.21 and a 200 day moving average price of $15.93. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 26.06.
Logitech International SA (NASDAQ:LOGI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. On average, analysts predict that Logitech International SA will post $1.07 earnings per share for the current fiscal year.
In other Logitech International SA news, CFO Vincent Pilette sold 100,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $19.93, for a total value of $1,993,000.00. Following the sale, the chief financial officer now owns 518,492 shares of the company’s stock, valued at approximately $10,333,545.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
An institutional investor recently raised its position in Logitech International SA stock. Dimensional Fund Advisors LP boosted its position in Logitech International SA (NASDAQ:LOGI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,619 shares of the company’s stock after buying an additional 4,214 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Logitech International SA worth $4,395,000 at the end of the most recent quarter.
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.