News articles about LogMeIn (NASDAQ:LOGM) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LogMeIn earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 47.431892720228 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
LOGM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of LogMeIn from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of LogMeIn from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Needham & Company LLC lowered their price target on shares of LogMeIn from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Finally, Oppenheimer restated a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $137.63.
Shares of LogMeIn (LOGM) traded down $0.35 during mid-day trading on Wednesday, reaching $127.15. 307,398 shares of the company’s stock were exchanged, compared to its average volume of 687,057. LogMeIn has a one year low of $92.72 and a one year high of $134.80. The stock has a market capitalization of $6,670.00, a P/E ratio of 706.39, a PEG ratio of 1.82 and a beta of 1.41.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from LogMeIn’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.94%. LogMeIn’s payout ratio is 666.67%.
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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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