News coverage about Logitech (NASDAQ:LOGI) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing 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. Logitech earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.4298883625568 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
LOGI traded down $0.33 during trading on Friday, reaching $35.88. 182,665 shares of the company were exchanged, compared to its average volume of 336,342. The stock has a market capitalization of $5,945.94, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 4.44 and a beta of 0.90. Logitech has a 12-month low of $30.64 and a 12-month high of $43.54.
Logitech (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. The business had revenue of $812.02 million for the quarter, compared to analysts’ expectations of $753.47 million. Logitech had a return on equity of 23.38% and a net margin of 8.10%. research analysts predict that Logitech will post 1.25 earnings per share for the current year.
LOGI has been the topic of a number of recent research reports. BidaskClub cut Logitech from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised Logitech from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Citigroup upped their price target on Logitech from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase increased their price objective on Logitech from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, ValuEngine raised Logitech from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Logitech has a consensus rating of “Buy” and an average target price of $45.33.
In related news, insider Luca Guerrino De sold 15,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $40.75, for a total transaction of $611,250.00. Following the sale, the insider now owns 321,204 shares of the company’s stock, valued at approximately $13,089,063. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marcel Stolk sold 20,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.48, for a total value of $789,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 292,673 shares of company stock worth $12,376,204 in the last three months. 2.20% of the stock is currently owned by insiders.
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Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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