Headlines about LogMein (NASDAQ:LOGM) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LogMein earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.9964267560764 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
LogMein (NASDAQ LOGM) traded down $0.05 on Thursday, hitting $119.15. The stock had a trading volume of 415,212 shares, compared to its average volume of 707,176. LogMein has a 12 month low of $90.35 and a 12 month high of $129.51. The company has a market cap of $6,260.00, a P/E ratio of 43.47, a PEG ratio of 2.03 and a beta of 1.28.
LogMein (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $270.56 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s quarterly revenue was up 216.5% compared to the same quarter last year. equities research analysts predict that LogMein will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, November 7th. LogMein’s dividend payout ratio is presently 909.09%.
LOGM has been the topic of several recent analyst reports. Zacks Investment Research raised LogMein from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Wednesday, November 1st. Cowen reaffirmed a “buy” rating and set a $145.00 target price on shares of LogMein in a research note on Sunday, October 29th. Piper Jaffray Companies reissued a “buy” rating and issued a $170.00 price objective on shares of LogMein in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price objective on shares of LogMein in a research note on Monday, September 4th. Finally, Robert W. Baird reissued a “hold” rating and issued a $130.00 price objective on shares of LogMein in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. LogMein has a consensus rating of “Buy” and a consensus price target of $135.96.
In other news, 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 sale, the insider now directly owns 2,760 shares of the company’s stock, valued at $329,626.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by 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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