Logitech International (NASDAQ:LOGI) Given New $88.00 Price Target at Loop Capital

Logitech International (NASDAQ:LOGI) had its target price increased by Loop Capital from $87.00 to $88.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Loop Capital’s target price points to a potential downside of 0.15% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays lifted their price objective on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered Logitech International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $85.00 in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International has an average rating of “Hold” and an average target price of $93.14.

Logitech International Stock Up 0.4 %

LOGI traded up $0.37 during trading hours on Wednesday, hitting $88.13. The stock had a trading volume of 170,650 shares, compared to its average volume of 474,810. The company’s fifty day simple moving average is $93.31 and its 200 day simple moving average is $89.51. Logitech International has a 1 year low of $65.31 and a 1 year high of $102.59. The stock has a market cap of $13.94 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.80.

Institutional Trading of Logitech International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in Logitech International in the fourth quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC purchased a new stake in Logitech International in the second quarter worth $35,000. Global Retirement Partners LLC grew its stake in shares of Logitech International by 764.4% in the first quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock worth $35,000 after acquiring an additional 344 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after acquiring an additional 360 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Logitech International in the first quarter worth $42,000. Institutional investors own 45.76% of the company’s stock.

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.