Media stories about LogMeIn (NASDAQ:LOGM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LogMeIn earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.9273358471232 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- LogMeIn Communications & Collaboration Products Named a Leader in Aragon Research’s Web & Video Conferencing Globe for Fourth Consecutive Year (finance.yahoo.com)
- LogMeIn Inc (LOGM) Expected to Announce Quarterly Sales of $277.55 Million (americanbankingnews.com)
- Brokerages Expect LogMeIn Inc (LOGM) Will Post Earnings of $1.16 Per Share (americanbankingnews.com)
- LogMeIn Inc (LOGM) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
A number of research firms recently weighed in on LOGM. BidaskClub lowered shares of LogMeIn from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of LogMeIn from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Oppenheimer reiterated a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Barclays lifted their price objective on shares of LogMeIn from $132.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Cowen restated a “buy” rating and set a $145.00 price target on shares of LogMeIn in a research report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $136.52.
Shares of LogMeIn (NASDAQ:LOGM) opened at $118.50 on Friday. The stock has a market cap of $6,298.10, a P/E ratio of 1,077.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. LogMeIn has a one year low of $90.35 and a one year high of $129.51.
LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. LogMeIn had a net margin of 1.01% and a return on equity of 5.50%. The business had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $270.56 million. During the same period in the previous year, the company earned $0.56 earnings per share. LogMeIn’s revenue for the quarter was up 216.5% on a year-over-year basis. equities research analysts expect that LogMeIn will post 3.28 EPS for the current fiscal year.
In related news, insider Christopher Battles sold 1,136 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $119.43, for a total transaction of $135,672.48. Following the completion of the transaction, the insider now directly owns 2,760 shares in the company, valued at approximately $329,626.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.
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LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
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