Logitech International S.A. (NASDAQ:LOGI) Receives Average Recommendation of "Hold" from Brokerages

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has been assigned an average rating of "Hold" from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned 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 $93.00.

Several brokerages recently issued reports on LOGI. 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 research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Wedbush reissued a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Loop Capital dropped their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Finally, UBS Group upgraded Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th.

Logitech International Price Performance

Logitech International stock traded down $0.38 during mid-day trading on Thursday, reaching $84.63. 194,172 shares of the company traded hands, compared to its average volume of 490,370. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.93 and a beta of 0.78. The firm's 50 day moving average price is $82.66 and its 200 day moving average price is $88.44.

Insider Transactions at Logitech International

In other news, Director Guy Gecht acquired 2,500 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Institutional Trading of Logitech International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Logitech International during the second quarter valued at approximately $35,000. Employees Retirement System of Texas purchased a new stake in Logitech International during the 2nd quarter valued at $63,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after buying an additional 495 shares during the period. Transamerica Financial Advisors Inc. boosted 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 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 in the third quarter worth $105,000. Institutional investors own 45.76% of the company's stock.

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.