Logitech International (NASDAQ:LOGI) Price Target Lowered to $81.00 at Loop Capital

Logitech International (NASDAQ:LOGI) had its target price dropped by equities researchers at Loop Capital from $88.00 to $81.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Loop Capital’s price objective points to a potential downside of 2.91% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays reduced their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.00.

Logitech International Trading Up 3.4 %

Shares of NASDAQ LOGI traded up $2.72 during trading hours on Monday, hitting $83.43. 364,786 shares of the company traded hands, compared to its average volume of 491,661. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79. The company’s 50 day moving average price is $87.19 and its 200 day moving average price is $89.23. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59.

Insider Activity at Logitech International

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Logitech International in the second quarter worth $35,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International during the 2nd quarter valued at about $63,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Logitech International by 139.4% in 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 period. Blue Trust Inc. grew its stake in shares of Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,385 shares during the period. Finally, Syquant Capital Sas acquired a new stake in Logitech International in the 2nd quarter valued at $184,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

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.