Somewhat Positive News Coverage Somewhat Unlikely to Impact Logitech International (LOGI) Stock Price
Headlines about Logitech International (NASDAQ:LOGI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Logitech International earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 43.7032260603918 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Logitech International SA (LOGI) CMF Showing Increased Buying Pressure – Evergreen Caller (evergreencaller.com)
- Logitech International SA (LOGI) MESA Average Sinks Below FAMA – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Logitech International SA. (finance.yahoo.com)
- Head to Head Contrast: Quantum Corporation (QTM) vs. Logitech International (LOGI) (americanbankingnews.com)
- Logitech International SA (LOGI) is at $35.95 per share and Mercury Systems, Inc. (MRCY) is listed at $44.55 – Stocks Gallery (stocksgallery.com)
Several brokerages have recently issued reports on LOGI. Loop Capital began coverage on shares of Logitech International in a research report on Monday, July 24th. They issued a “buy” rating and a $48.00 target price on the stock. Citigroup Inc. initiated coverage on shares of Logitech International in a research note on Thursday, July 6th. They issued a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Aegis initiated coverage on shares of Logitech International in a research note on Tuesday, June 13th. They issued a “buy” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Logitech International currently has an average rating of “Buy” and a consensus price target of $33.98.
Logitech International (NASDAQ:LOGI) opened at 34.80 on Friday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 26.22 and a beta of 0.57. Logitech International has a 1-year low of $20.97 and a 1-year high of $40.82. The stock has a 50 day moving average of $37.05 and a 200 day moving average of $33.49.
Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $529.95 million for the quarter, compared to analyst estimates of $521.24 million. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. On average, analysts expect that Logitech International will post $1.47 earnings per share for the current year.
In related news, CFO Vincent Pilette sold 5,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $36.06, for a total value of $215,819.10. Following the transaction, the chief financial officer now owns 460,127 shares in the company, valued at $16,592,179.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bracken Darrell sold 110,330 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $36.15, for a total transaction of $3,988,429.50. Following the completion of the transaction, the chief executive officer now owns 940,542 shares in the company, valued at approximately $34,000,593.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 319,245 shares of company stock worth $11,549,298. Insiders own 2.20% of the company’s stock.
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Logitech International Company Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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