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

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $92.88.

Several research analysts have commented on LOGI shares. Barclays decreased their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Wedbush restated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd.

Insider Buying and Selling

In other news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction on Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

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

Logitech International Stock Performance

Shares of LOGI opened at $86.98 on Monday. The firm has a fifty day moving average of $81.91 and a 200-day moving average of $86.30. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59.

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.