Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Rating of “Moderate Buy” from Analysts

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

LOGI has been the topic of a number of research reports. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a report on Tuesday, August 5th. Morgan Stanley raised their price target on Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Citigroup raised their price target on Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a report on Saturday, September 27th.

Logitech International Stock Down 1.3%

Shares of LOGI stock opened at $112.67 on Wednesday. The stock’s 50-day moving average is $104.20 and its two-hundred day moving average is $91.22. Logitech International has a 1 year low of $64.73 and a 1 year high of $114.94.

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

Insider Activity

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 transaction, the insider owned 57,437 shares of the company’s stock, valued at $6,030,885. This trade represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently added to or reduced their stakes in LOGI. Assenagon Asset Management S.A. lifted its position in Logitech International by 91.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after purchasing an additional 815,280 shares during the period. Norges Bank acquired a new stake in Logitech International in the second quarter valued at about $42,240,000. Mackenzie Financial Corp lifted its position in Logitech International by 2,227.1% in the second quarter. Mackenzie Financial Corp now owns 453,385 shares of the technology company’s stock valued at $40,840,000 after purchasing an additional 433,902 shares during the period. Nuveen LLC acquired a new stake in Logitech International in the first quarter valued at about $35,925,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Logitech International in the first quarter valued at about $29,319,000. 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.