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

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $92.88.

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

Insider Activity at Logitech International

In other news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at $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. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOGI. Ashton Thomas Private Wealth LLC purchased a new position in shares of Logitech International in the 2nd quarter valued at approximately $35,000. Employees Retirement System of Texas acquired a new position in Logitech International during the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after buying an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its stake in shares of 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 worth $104,000 after buying an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International during the third quarter valued at $105,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Stock Up 1.3 %

Shares of LOGI opened at $82.70 on Monday. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.92 and a beta of 0.78. The business has a 50-day simple moving average of $81.72 and a two-hundred day simple moving average of $86.44.

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.