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

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two equities research 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 target price among brokers that have covered the stock in the last year is $92.88.

A number of equities analysts recently commented on LOGI shares. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays reduced 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.

Insider Activity

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. The trade was a 15.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

A number of hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Logitech International in the second quarter valued at approximately $35,000. Employees Retirement System of Texas bought a new position in Logitech International during the 2nd quarter valued at $63,000. Benjamin F. Edwards & Company Inc. boosted 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 worth $82,000 after acquiring an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. grew 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 worth $104,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International in the third quarter valued at about $105,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $85.76 on Monday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.92 and a beta of 0.77. The stock’s fifty day moving average price is $82.06 and its two-hundred day moving average price is $86.07.

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.