Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $93.00

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned an average rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $92.88.

Several equities research analysts have weighed in on LOGI shares. JPMorgan Chase & Co. reduced their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Barclays dropped their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $114.00 to $92.00 in a research note on Monday. Finally, StockNews.com cut shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday.

Logitech International Stock Down 2.4 %

Shares of NASDAQ:LOGI opened at $81.66 on Thursday. The firm has a fifty day simple moving average of $82.46 and a two-hundred day simple moving average of $88.00. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59. The stock has a market capitalization of $12.91 billion, a P/E ratio of 18.19, a PEG ratio of 1.94 and a beta of 0.78.

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 shares were acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

Institutional Trading of Logitech International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International during the 2nd quarter valued at about $35,000. Employees Retirement System of Texas bought a new position in shares of Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in 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 during the period. Transamerica Financial Advisors Inc. raised its stake in Logitech International by 115,300.0% in 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 purchased a new stake in Logitech International during the third quarter worth $105,000. 45.76% of the stock is currently owned by institutional investors.

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.