Somewhat Favorable News Coverage Somewhat Unlikely to Affect LogMeIn (LOGM) Stock Price

Media headlines about LogMeIn (NASDAQ:LOGM) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LogMeIn earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.9273358471232 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of LogMeIn (LOGM) traded up $1.45 during trading hours on Thursday, hitting $119.70. The stock had a trading volume of 214,100 shares, compared to its average volume of 413,571. LogMeIn has a 52-week low of $90.35 and a 52-week high of $129.51. The stock has a market cap of $6,300.00, a price-to-earnings ratio of 1,088.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

LogMeIn (NASDAQ:LOGM) last announced its earnings results on Thursday, October 26th. The software maker reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. LogMeIn had a return on equity of 5.50% and a net margin of 1.01%. The firm had revenue of $269.30 million for the quarter, compared to analyst estimates of $270.56 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue was up 216.5% on a year-over-year basis. equities analysts expect that LogMeIn will post 3.28 earnings per share for the current year.

Several equities research analysts have commented on LOGM shares. Zacks Investment Research lowered LogMeIn from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Robert W. Baird upgraded LogMeIn from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $170.00 price objective on shares of LogMeIn in a research report on Tuesday, October 24th. Barclays upped their price objective on LogMeIn from $132.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, Cowen restated a “buy” rating and issued a $145.00 price objective on shares of LogMeIn in a research report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $136.52.

In other news, insider Christopher Battles sold 1,136 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total transaction of $135,672.48. Following the transaction, the insider now owns 2,760 shares in the company, valued at approximately $329,626.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at

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.

Insider Buying and Selling by Quarter for LogMeIn (NASDAQ:LOGM)

Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply