Media headlines about Logitech International (NASDAQ:LOGI) have trended positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Logitech International earned a news impact score of 0.26 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.1383452317817 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
LOGI has been the subject of a number of research reports. Zacks Investment Research lowered shares of Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. BidaskClub lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Citigroup raised their price target on shares of Logitech International from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Logitech International from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.20.
Shares of Logitech International (LOGI) traded up $1.17 during trading on Wednesday, hitting $39.77. 542,309 shares of the company were exchanged, compared to its average volume of 629,404. The firm has a market capitalization of $6,271.06, a price-to-earnings ratio of 33.42 and a beta of 0.74. Logitech International has a fifty-two week low of $28.47 and a fifty-two week high of $43.54.
In related news, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $43.20, for a total value of $4,147,200.00. Following the completion of the sale, the chief executive officer now owns 783,427 shares of the company’s stock, valued at $33,844,046.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vincent Pilette sold 81,302 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $42.35, for a total transaction of $3,443,139.70. Following the completion of the sale, the chief financial officer now directly owns 339,259 shares of the company’s stock, valued at approximately $14,367,618.65. The disclosure for this sale can be found here. In the last three months, insiders sold 292,673 shares of company stock valued at $12,376,204. 2.20% of the stock is currently owned by company insiders.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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