News headlines about Logitech (NASDAQ:LOGI) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Logitech earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.7670976906426 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- Global Autocollimators Market Outlook 2018- HGH SYSTEMES INFRAROUGES, Logitech Limited, Standa, TAYLOR … (nwctrail.com)
- Global Gaming Keyboards Market Outlook 2018-2023 : Razer, Corsair, BLOODY, Logitech, RAPOO, SteelSeries … (businessservices24.com)
- Logitech International SA (LOGI): Intraday Technology Mover: (stocksgeeks.com)
- Logitech G603 review: An ergonomic, low response rate wireless gaming mouse (techaeris.com)
- Logitech G613 review: A lag-free, responsive wireless mechanical gaming keyboard (techaeris.com)
LOGI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Logitech from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub lowered shares of Logitech from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Citigroup raised their target price on shares of Logitech from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase increased their price target 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 analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Logitech has an average rating of “Buy” and a consensus target price of $45.33.
Shares of NASDAQ LOGI traded up $0.31 during mid-day trading on Monday, hitting $37.35. 194,384 shares of the company were exchanged, compared to its average volume of 468,572. Logitech has a 1-year low of $30.64 and a 1-year high of $43.54. The company has a market cap of $6,082.23, a PE ratio of 32.20, a P/E/G ratio of 4.54 and a beta of 0.90.
Logitech (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.10. Logitech had a return on equity of 23.38% and a net margin of 8.10%. The firm had revenue of $812.02 million during the quarter, compared to the consensus estimate of $753.47 million. research analysts expect that Logitech will post 1.25 EPS for the current year.
In other Logitech news, insider Luca Guerrino De sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $40.75, for a total value of $611,250.00. Following the completion of the sale, the insider now owns 321,204 shares of the company’s stock, valued at $13,089,063. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction 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 directly owns 783,427 shares of the company’s stock, valued at approximately $33,844,046.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,673 shares of company stock valued at $12,376,204. Corporate insiders own 2.20% of the company’s stock.
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Logitech Company Profile
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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