Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $97.00

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $97.00.

A number of equities analysts recently commented on LOGI shares. Wedbush raised their target price on Logitech International from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Morgan Stanley raised their target price on Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Citigroup raised their target price on Logitech International from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 11th. BNP Paribas Exane upgraded Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th.

Logitech International Trading Down 6.9%

NASDAQ LOGI opened at $101.71 on Wednesday. Logitech International has a twelve month low of $64.73 and a twelve month high of $114.94. The stock has a fifty day simple moving average of $105.20 and a 200-day simple moving average of $91.58.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 EPS. Logitech International has set its Q2 2026 guidance at EPS. As a group, equities research analysts expect that Logitech International will post 4.21 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Prakash Arunkundrum sold 9,900 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the completion of the transaction, the insider directly owned 57,437 shares in the company, valued at $6,030,885. This trade represents a 14.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently bought and sold shares of LOGI. Wealth Enhancement Advisory Services LLC raised its position in Logitech International by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company’s stock valued at $507,000 after purchasing an additional 120 shares in the last quarter. GAMMA Investing LLC raised its position in Logitech International by 8,341.0% in the 1st quarter. GAMMA Investing LLC now owns 12,155 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 12,011 shares in the last quarter. Farther Finance Advisors LLC raised its position in Logitech International by 87.3% in the 1st quarter. Farther Finance Advisors LLC now owns 940 shares of the technology company’s stock valued at $80,000 after purchasing an additional 438 shares in the last quarter. Willis Investment Counsel raised its position in Logitech International by 10.6% in the 1st quarter. Willis Investment Counsel now owns 18,144 shares of the technology company’s stock valued at $1,532,000 after purchasing an additional 1,743 shares in the last quarter. Finally, Marshall Financial Group LLC raised its position in Logitech International by 4.1% in the 1st quarter. Marshall Financial Group LLC now owns 21,187 shares of the technology company’s stock valued at $1,788,000 after purchasing an additional 827 shares in the last quarter. Institutional investors and hedge funds 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.