News coverage about LogMeIn (NASDAQ:LOGM) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. LogMeIn earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.431892720228 out of 100, meaning that recent media 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 Sentiment’s analysis:
- LogMeIn (LOGM) Coverage Initiated at KeyCorp (americanbankingnews.com)
- As Logmein INC (LOGM) Stock Rose, Mutual Of America Capital Management LLC Has Decreased Stake (jamaicaxnews.com)
- Benzinga’s Top Upgrades, Downgrades For April 6, 2018 (benzinga.com)
- Mutual Of America Capital Management LLC Decreased Holding in Logmein INC (LOGM) as Share Value Rose (skatronixxx.com)
- Top Analyst Upgrades and Downgrades: ADM, Boeing, Hess, LogMeIn, NetApp, Sunrun, United Continental, Valeant … (247wallst.com)
Shares of LOGM traded up $0.10 during mid-day trading on Friday, reaching $114.25. 68,168 shares of the stock traded hands, compared to its average volume of 548,286. The firm has a market capitalization of $5,890.62, a P/E ratio of 34.07, a P/E/G ratio of 1.60 and a beta of 1.40. LogMeIn has a 12-month low of $98.95 and a 12-month high of $134.80.
Several research firms recently commented on LOGM. Needham & Company LLC raised their price target on shares of LogMeIn from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 16th. BidaskClub upgraded shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. Zacks Investment Research lowered shares of LogMeIn from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Finally, Oppenheimer restated a “hold” rating on shares of LogMeIn in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. LogMeIn has a consensus rating of “Buy” and a consensus target price of $138.37.
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LogMeIn Company Profile
LogMeIn, Inc, together with its subsidiaries, provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions for individuals and businesses in the United States, the United Kingdom, and internationally. The company offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToConference, a video and audio conferencing solution; GoToWebinar, a do-it-yourself Webinar product for organizations; join.me, join.me pro, and join.me business, which are online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; and Grasshopper, a provider of telephony solutions.
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