LogMein (LOGM) Earning Somewhat Favorable News Coverage, Analysis Shows
Headlines about LogMein (NASDAQ:LOGM) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LogMein earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.8415192345829 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- The Item That Investors Will Be Checking In LogMeIn's Earnings (finance.yahoo.com)
- Can LogMeIn, Inc. (NASDAQ:LOGM) or Jones Lang LaSalle Incorporated (NYSE:JLL) Grab Upward Traction? – FLBC News (flbcnews.com)
- LogMeIn, Inc. (LOGM) noted a price change of 1.43% and SeaChange International, Inc. (SEAC) closes with a move of … – Stocks Gallery (stocksgallery.com)
- Is Now the Time to Capitalize on LogMeIn, Inc. (NASDAQ:LOGM) or Polaris Industries Inc. (NYSE:PII)? – FLBC News (flbcnews.com)
- LogMeIn Inc (LOGM) Relative Momentum Continuing to Trend Higher – Evergreen Caller (evergreencaller.com)
Shares of LogMein (LOGM) traded up 0.63% during mid-day trading on Tuesday, reaching $112.55. The company had a trading volume of 472,849 shares. LogMein has a 1-year low of $64.74 and a 1-year high of $123.95. The company’s market capitalization is $5.92 billion. The stock’s 50-day moving average price is $109.60 and its 200 day moving average price is $105.18.
LogMein (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, May 4th. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $195.74 million. LogMein had a positive return on equity of 5.66% and a negative net margin of 3.35%. The firm’s quarterly revenue was up 152.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Equities analysts expect that LogMein will post $3.87 EPS for the current year.
A number of research analysts have recently commented on LOGM shares. Cowen and Company upgraded LogMein from a “market perform” rating to an “outperform” rating and increased their target price for the company from $100.00 to $115.00 in a research report on Friday, April 7th. Zacks Investment Research downgraded LogMein from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Vetr downgraded LogMein from a “hold” rating to a “sell” rating and set a $101.67 target price for the company. in a research report on Wednesday, April 26th. TheStreet upgraded LogMein from a “c” rating to a “b-” rating in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded LogMein from a “buy” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $118.63.
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In related news, Director Michael K. Simon sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $112.80, for a total transaction of $2,256,000.00. Following the transaction, the director now owns 800,102 shares in the company, valued at approximately $90,251,505.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Calderoni sold 12,197 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $116.02, for a total value of $1,415,095.94. Following the transaction, the director now owns 4,109 shares in the company, valued at approximately $476,726.18. The disclosure for this sale can be found here. Insiders have sold a total of 107,081 shares of company stock worth $12,073,839 in the last 90 days. 2.50% of the stock is currently owned by company insiders.
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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