Headlines about Logitech (NASDAQ:LOGI) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Logitech earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.7670976906426 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- 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)
Logitech stock traded up $0.31 during mid-day trading on Monday, hitting $37.35. The company had a trading volume of 194,384 shares, compared to its average volume of 468,572. The firm has a market capitalization of $6,082.23, a P/E ratio of 32.20, a P/E/G ratio of 4.54 and a beta of 0.90. Logitech has a 1 year low of $30.64 and a 1 year high of $43.54.
LOGI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Logitech from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub lowered shares of Logitech from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Citigroup upped their target price on shares of Logitech from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. JPMorgan Chase upped their target price on shares of Logitech from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Logitech from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. One 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.33.
In other Logitech news, insider Luca Guerrino De sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $40.75, for a total value of $611,250.00. Following the transaction, the insider now directly owns 321,204 shares in the company, valued at $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 that occurred on Tuesday, February 6th. The shares were sold at an average price of $39.48, for a total transaction of $789,600.00. The disclosure for this sale can be found here. Insiders sold 292,673 shares of company stock worth $12,376,204 over the last quarter. 2.20% of the stock is currently owned by insiders.
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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