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

Shares of Logitech International S.A. (NASDAQ:LOGI) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $92.88.

A number of equities analysts have recently commented on LOGI shares. JPMorgan Chase & Co. dropped their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $114.00 to $92.00 in a research report on Monday. Barclays cut their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Loop Capital reduced their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th.

Insiders Place Their Bets

In related news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $1,500,963.36. The trade was a 15.62 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several institutional investors have recently added to or reduced their stakes in LOGI. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the 2nd quarter worth about $35,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. raised its position in Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in shares of 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 purchasing an additional 1,153 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the third quarter worth approximately $105,000. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Performance

Shares of LOGI stock opened at $82.41 on Thursday. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.94 and a beta of 0.78. The stock’s 50 day simple moving average is $82.57 and its 200 day simple moving average is $88.15. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59.

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.