Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Recommendation of “Hold” from Analysts

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $92.88.

LOGI has been the topic of several recent research reports. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Barclays dropped their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Logitech International

In other news, Director Guy Gecht purchased 2,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was acquired at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This represents a 15.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

A number of large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Logitech International in the second quarter valued at about $35,000. Employees Retirement System of Texas purchased a new stake in Logitech International in the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. grew its holdings in Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. increased its position in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Logitech International in the third quarter worth $105,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Stock Performance

Shares of Logitech International stock opened at $85.76 on Monday. The company’s fifty day moving average is $82.01 and its two-hundred day moving average is $86.31. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The company has a market capitalization of $13.56 billion, a P/E ratio of 19.10, a PEG 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.