LogMein (LOGM) Receives Coverage Optimism Rating of 0.11
Press coverage about LogMein (NASDAQ:LOGM) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LogMein earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.5904977173603 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- LogMeIn, Inc. (LOGM) Standout Institutional Ownership of 99.50% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- LogMeIn, Inc. breached its 50 day moving average in a Bearish Manner : LOGM-US : November 13, 2017 (finance.yahoo.com)
- LogMeIn Stock Sees Short Interest Drop 12.4% (thestreet.com)
- LogMeIn Wins 2017 KMWorld Promise Award for Artificial Intelligence Solution, Nanorep (finance.yahoo.com)
- LogMein, Inc. (LOGM) Ex-Dividend Date Scheduled for November 07, 2017 – Nasdaq (nasdaq.com)
Several analysts have recently issued reports on LOGM shares. BidaskClub raised shares of LogMein from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Northland Securities reissued a “buy” rating on shares of LogMein in a research note on Friday, July 28th. KeyCorp raised shares of LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a research note on Friday, July 28th. Cowen and Company reissued an “outperform” rating and set a $134.00 price objective (up from $130.00) on shares of LogMein in a research note on Sunday, July 30th. Finally, Zacks Investment Research raised shares of LogMein from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $135.96.
Shares of LogMein (NASDAQ:LOGM) traded up $0.10 during trading on Tuesday, reaching $115.60. 542,000 shares of the company were exchanged, compared to its average volume of 733,219. LogMein has a 12-month low of $90.35 and a 12-month high of $129.51. The stock has a market cap of $6,080.00, a PE ratio of 43.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34.
LogMein (NASDAQ:LOGM) last announced its quarterly 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 net margin of 1.01% and a return on equity of 5.50%. The firm had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $270.56 million. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 216.5% on a year-over-year basis. analysts predict that LogMein will post 3.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. LogMein’s dividend payout ratio is currently 909.09%.
In other LogMein news, Director Steven J. Benson sold 3,016 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total value of $336,585.60. Following the transaction, the director now owns 1,787 shares in the company, valued at approximately $199,429.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Battles sold 1,136 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was 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 owns 2,760 shares in the company, valued at approximately $329,626.80. The disclosure for this sale can be found here. Insiders sold a total of 24,152 shares of company stock worth $2,710,858 in the last quarter. 2.50% of the stock is currently owned by company insiders.
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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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