LogMeIn (LOGM) Receives Daily Media Impact Rating of 0.21
Media headlines about LogMeIn (NASDAQ:LOGM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 0.21 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 44.9101556673185 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- LogMeIn Guidance Eyed A Year After Reverse-Merger, New Jive Deal (finance.yahoo.com)
- Financial Analysis: LogMeIn (LOGM) vs. CSRA (CSRA) (americanbankingnews.com)
- This Morning’s Technical Outlook on Application Software Stocks — LogMeIn, Manhattan Associates, Micro Focus, and MobileIron (prnewswire.com)
- LogMeIn Introduces the Future of Customer Engagement with New A.I. Powered Bold360 Product Lineup (finance.yahoo.com)
- LogMeIn (LOGM) Lifted to “Strong-Buy” at BidaskClub (americanbankingnews.com)
Shares of LogMeIn (NASDAQ:LOGM) traded up $4.25 during midday trading on Wednesday, reaching $130.20. 1,038,994 shares of the company’s stock were exchanged, compared to its average volume of 480,574. The company has a market cap of $6,566.55, a P/E ratio of 1,183.74, a P/E/G ratio of 1.77 and a beta of 1.36. LogMeIn has a one year low of $90.35 and a one year high of $131.20.
Several analysts have recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and set a $170.00 price objective on shares of LogMeIn in a research report on Tuesday, October 24th. BidaskClub upgraded shares of LogMeIn from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer restated a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Needham & Company LLC decreased their price objective on shares of LogMeIn from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded shares of LogMeIn from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $136.52.
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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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