$0.92 EPS Expected for LogMeIn, Inc. (LOGM); Ardelyx (ARDX) Shorts Decreased By 5.21%

April 17, 2018 - By wolcottdaily

LogMeIn, Inc. (NASDAQ:LOGM) Logo

Analysts expect LogMeIn, Inc. (NASDAQ:LOGM) to report $0.92 EPS on April, 26 after the close.They anticipate $0.30 EPS change or 48.39% from last quarter’s $0.62 EPS. LOGM’s profit would be $48.24M giving it 32.38 P/E if the $0.92 EPS is correct. After having $0.97 EPS previously, LogMeIn, Inc.’s analysts see -5.15% EPS growth. The stock increased 1.62% or $1.9 during the last trading session, reaching $119.15. About 262,828 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 20.98% since April 17, 2017 and is uptrending. It has outperformed by 9.43% the S&P500.

Ardelyx Inc (NASDAQ:ARDX) had a decrease of 5.21% in short interest. ARDX’s SI was 1.67M shares in April as released by FINRA. Its down 5.21% from 1.76M shares previously. With 314,100 avg volume, 5 days are for Ardelyx Inc (NASDAQ:ARDX)’s short sellers to cover ARDX’s short positions. The SI to Ardelyx Inc’s float is 6.05%. The stock decreased 2.86% or $0.15 during the last trading session, reaching $5.1. About 344,766 shares traded or 13.32% up from the average. Ardelyx, Inc. (NASDAQ:ARDX) has declined 60.67% since April 17, 2017 and is downtrending. It has underperformed by 72.22% the S&P500.

Among 14 analysts covering LogMeIn (NASDAQ:LOGM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. LogMeIn had 50 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Needham on Thursday, September 21 with “Buy”. KeyBanc Capital Markets upgraded the shares of LOGM in report on Friday, July 28 to “Overweight” rating. The rating was maintained by RBC Capital Markets on Friday, February 16 with “Buy”. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 23. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with “Buy”. On Friday, August 28 the stock rating was upgraded by Pacific Crest to “Overweight”. The stock has “Strong Buy” rating by Needham on Friday, July 24. The firm has “Buy” rating by Cowen & Co given on Friday, July 28. On Friday, April 7 the stock rating was upgraded by Cowen & Co to “Outperform”. Cowen & Co maintained LogMeIn, Inc. (NASDAQ:LOGM) on Friday, February 16 with “Buy” rating.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.26, from 1.33 in 2017Q3. It fall, as 44 investors sold LogMeIn, Inc. shares while 110 reduced holdings. 53 funds opened positions while 112 raised stakes. 51.12 million shares or 0.18% more from 51.03 million shares in 2017Q3 were reported. Legal And General Grp Public Ltd accumulated 51,987 shares. Ami Asset Corp has 0.14% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 17,446 shares. 20,000 were reported by State Of Tennessee Treasury Department. Diversified Tru Comm reported 4,107 shares. Price T Rowe Associate Md holds 0% or 226,837 shares in its portfolio. Jpmorgan Chase And Communication has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 286,916 shares. Los Angeles Management And Equity Research Incorporated stated it has 0.02% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Oppenheimer Asset Mgmt stated it has 2,176 shares. Bartlett & Ltd accumulated 85 shares or 0% of the stock. Moreover, Da Davidson has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 4,557 shares. Carroll Assoc accumulated 12 shares. Illinois-based Northern Trust has invested 0.01% in LogMeIn, Inc. (NASDAQ:LOGM). Brown Brothers Harriman & Com has 0% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 50 shares. 2,767 were accumulated by Oppenheimer & Company. Dupont Management Corporation holds 4,806 shares.

LogMeIn, Inc. provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers. The company has market cap of $6.25 billion. The firm offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations to enhance market reach; join.me, join.me pro, and join.me enterprise that are browser online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; Grasshopper, a well-known provider of cloud telephony solutions; and BoldChat, a Web live chat service. It has a 61.74 P/E ratio. It also provides GoToAssist, GoToAssist Corporate, and GoToAssist Seeit, which offer cloud IT support solutions to deliver uptime for people and their computers, mobile devices, and apps; LogMeIn Rescue, Rescue Lens, and LogMeIn Rescue+Mobile, which are Web remote support and customer care services offering remote support; and Xively, an IoT cloud platform and connected product management solution.

LogMeIn, Inc. (NASDAQ:LOGM) Institutional Positions Chart

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