Somewhat Positive Press Coverage Somewhat Unlikely to Affect LogMein (LOGM) Share Price
Media stories about LogMein (NASDAQ:LOGM) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. LogMein earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.3498808574761 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- What You Must Know About LogMeIn Inc’s (LOGM) Return on Equity (finance.yahoo.com)
- New Study Finds Brand Loyalty Hinges on Customer Support Experiences (finance.yahoo.com)
- How Many El Paso Electric Company (NYSE:EE)’s Analysts Are Bearish? (nismagazine.com)
- Global Collaboration Software Market – Industry Size, Share, Growth, Analysis & Demand 2017 (mynewsdesk.com)
- Global Conference Room Solutions Market to Reach US$ 1,600 Million, by 2027 – Future Market Insights (tmcnet.com)
Shares of LogMein (NASDAQ LOGM) traded up $1.75 during trading hours on Friday, hitting $117.00. The stock had a trading volume of 388,815 shares, compared to its average volume of 443,166. LogMein has a one year low of $90.35 and a one year high of $129.51. The firm has a market capitalization of $6,158.65, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28.
LogMein (NASDAQ:LOGM) last issued its earnings results on Thursday, October 26th. The software maker reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. LogMein had a return on equity of 5.50% and a net margin of 1.01%. The company had revenue of $269.30 million for the quarter, compared to analyst estimates of $270.56 million. During the same period in the prior year, the firm earned $0.56 earnings per share. LogMein’s revenue for the quarter was up 216.5% on a year-over-year basis. sell-side analysts anticipate that LogMein will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, November 7th. LogMein’s payout ratio is 909.17%.
LOGM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded LogMein from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $145.00 price target on shares of LogMein in a report on Sunday, October 29th. Piper Jaffray Companies restated a “buy” rating and set a $170.00 price target on shares of LogMein in a report on Tuesday, October 24th. Royal Bank Of Canada restated a “buy” rating and set a $140.00 price target on shares of LogMein in a report on Monday, September 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $130.00 target price on shares of LogMein in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $135.96.
In related news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the sale, the director now directly owns 1,787 shares of the company’s stock, valued at approximately $199,429.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael K. Simon sold 20,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $111.93, for a total value of $2,238,600.00. Following the completion of the sale, the director now directly owns 765,579 shares of the company’s stock, valued at $85,691,257.47. The disclosure for this sale can be found here. Insiders have sold 24,152 shares of company stock worth $2,710,858 over the last ninety days. 2.50% of the stock is owned by insiders.
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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