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

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

Several research firms have recently issued reports on LOGI. 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 report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a 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. Loop Capital lowered their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reduced their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd.

Insider Transactions at Logitech International

In related news, Director Guy Gecht purchased 2,500 shares of Logitech International 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 completion of the transaction, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Logitech International

Several hedge funds and other institutional investors have recently bought and sold shares of LOGI. Ashton Thomas Private Wealth LLC bought a new stake in shares of Logitech International in the 2nd quarter valued at approximately $35,000. Employees Retirement System of Texas bought a new stake in Logitech International during the second quarter valued at $63,000. Benjamin F. Edwards & Company Inc. raised 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 worth $82,000 after purchasing an additional 495 shares during the period. Transamerica Financial Advisors Inc. grew its position in shares of Logitech International by 115,300.0% during the 3rd 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 last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the 3rd quarter valued at about $105,000. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Performance

LOGI opened at $86.98 on Monday. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The firm has a 50 day moving average price of $81.91 and a 200 day moving average price of $86.30. The company has a market cap of $13.76 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.

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.