Media coverage about LogMein (NASDAQ:LOGM) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring 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 closest to one being the most favorable. LogMein earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.1629844854103 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- LogMeIn Announces 2017 Investor Day – GlobeNewswire (press release) (globenewswire.com)
- Bloomfield Hills-based mall owner pushed for change (detroitnews.com)
- LastPass Unveils Expanded Enterprise Features, New Strategic Integrations (finance.yahoo.com)
- LogMeIn, Inc. – Value Analysis (NASDAQ:LOGM) : November 14, 2017 (finance.yahoo.com)
LOGM has been the topic of several recent analyst reports. Northland Securities reiterated a “buy” rating on shares of LogMein in a report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and set a $134.00 target price on shares of LogMein in a report on Friday, September 1st. BidaskClub lowered LogMein from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded LogMein from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Thursday, August 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $170.00 price target on shares of LogMein in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $135.96.
Shares of LogMein (LOGM) traded down $1.00 during midday trading on Friday, reaching $116.40. The company’s stock had a trading volume of 260,020 shares, compared to its average volume of 771,747. The firm has a market capitalization of $6,127.02, a P/E ratio of 43.43, a PEG ratio of 2.03 and a beta of 1.34. LogMein has a 1 year low of $90.35 and a 1 year high of $129.51.
LogMein (NASDAQ:LOGM) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $270.56 million. LogMein had a return on equity of 5.50% and a net margin of 1.01%. The business’s revenue was up 216.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. equities analysts anticipate that LogMein will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, November 7th. LogMein’s dividend payout ratio (DPR) is presently 909.17%.
In other news, insider Christopher Battles sold 1,136 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total value of $135,672.48. Following the transaction, the insider now owns 2,760 shares of the company’s stock, valued at $329,626.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $111.93, for a total value of $2,238,600.00. Following the completion of the transaction, the director now directly owns 765,579 shares in the company, valued at approximately $85,691,257.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,152 shares of company stock worth $2,710,858. Company insiders own 2.50% of the company’s stock.
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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