Logitech (LOGI) Receives Daily Media Impact Rating of 0.14
Media stories about Logitech (NASDAQ:LOGI) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Logitech earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.5448213001099 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Logitech’s Z906 5.1 surround sound speaker system is on sale for $200 – PC Gamer (pcgamer.com)
- Get a full Logitech driving game setup with £179 off • Eurogamer.net … – Eurogamer.net (eurogamer.net)
- Amazon has great deals today on headphones, sunglasses, and Logitech gear – Mashable (mashable.com)
- Logitech G513 review – TechRadar (techradar.com)
- Dealmaster: Grab a new Logitech MX Master wireless mouse for $58 – Ars Technica (arstechnica.com)
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Logitech from a “neutral” rating to an “underweight” rating and set a $40.00 price target on the stock. in a report on Tuesday, February 6th. BidaskClub downgraded Logitech from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. DA Davidson assumed coverage on Logitech in a report on Thursday, March 15th. They set a “buy” rating and a $46.00 price target on the stock. Citigroup boosted their price target on Logitech from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded Logitech from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Logitech currently has an average rating of “Buy” and a consensus price target of $45.33.
Logitech (NASDAQ:LOGI) last posted its earnings results on Monday, January 22nd. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. Logitech had a return on equity of 23.38% and a net margin of 8.10%. The firm had revenue of $812.02 million for the quarter, compared to the consensus estimate of $753.47 million. research analysts predict that Logitech will post 1.25 earnings per share for the current year.
In other Logitech news, CEO Bracken Darrell sold 96,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $43.20, for a total transaction of $4,147,200.00. Following the transaction, the chief executive officer now owns 783,427 shares in the company, valued at approximately $33,844,046.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent Pilette sold 81,302 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $42.35, for a total value of $3,443,139.70. Following the transaction, the chief financial officer now owns 339,259 shares in the company, valued at approximately $14,367,618.65. The disclosure for this sale can be found here. Insiders have sold a total of 292,673 shares of company stock worth $12,376,204 in the last quarter. Company insiders own 2.20% of the company’s stock.
Logitech Company Profile
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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