Press coverage about LogMein (NASDAQ:LOGM) has trended positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LogMein earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 85 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

LogMein (LOGM) traded down 0.14% during midday trading on Friday, reaching $110.30. The company had a trading volume of 328,654 shares. The stock’s 50 day moving average is $110.96 and its 200 day moving average is $103.95. The firm’s market capitalization is $5.80 billion. LogMein has a 12-month low of $59.06 and a 12-month high of $123.95.

LogMein (NASDAQ:LOGM) last issued its quarterly earnings results on Thursday, May 4th. The software maker reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. The business had revenue of $201.10 million for the quarter, compared to analyst estimates of $195.74 million. LogMein had a positive return on equity of 5.66% and a negative net margin of 3.35%. LogMein’s quarterly revenue was up 152.3% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Equities research analysts expect that LogMein will post $3.87 earnings per share for the current year.

LOGM has been the topic of a number of analyst reports. TheStreet upgraded LogMein from a “c” rating to a “b-” rating in a research note on Wednesday, April 19th. Cowen and Company upped their price objective on LogMein from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Vetr cut LogMein from a “hold” rating to a “sell” rating and set a $101.67 price objective on the stock. in a research note on Wednesday, April 26th. Zacks Investment Research cut LogMein from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective (up previously from $110.00) on shares of LogMein in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $118.63.

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In related news, SVP James Lok sold 640 shares of LogMein stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $116.05, for a total transaction of $74,272.00. Following the sale, the senior vice president now directly owns 3,709 shares in the company, valued at $430,429.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Battles sold 2,572 shares of LogMein stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $114.06, for a total value of $293,362.32. Following the sale, the insider now owns 2,790 shares in the company, valued at $318,227.40. The disclosure for this sale can be found here. Insiders have sold 107,081 shares of company stock worth $12,073,839 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

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)

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