Logitech International (LOGI) Earning Favorable Press Coverage, Report Shows

News stories about Logitech International (NASDAQ:LOGI) have trended positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Logitech International earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.0709410749821 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

A number of brokerages have issued reports on LOGI. JPMorgan Chase & Co. lifted their price objective on Logitech International from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Citigroup lifted their price objective on Logitech International from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. BidaskClub cut Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Zacks Investment Research cut Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.20.

Shares of Logitech International (NASDAQ:LOGI) traded up $0.05 during midday trading on Friday, hitting $41.16. The company’s stock had a trading volume of 585,313 shares, compared to its average volume of 839,226. The company has a market capitalization of $6,758.76, a PE ratio of 34.59 and a beta of 0.76. Logitech International has a 12 month low of $28.47 and a 12 month high of $43.54.

In other news, CFO Vincent Pilette sold 81,302 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 339,259 shares in the company, valued at $14,367,618.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $43.20, for a total value of $4,147,200.00. Following the completion of the sale, the chief executive officer now owns 783,427 shares of the company’s stock, valued at $33,844,046.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 292,673 shares of company stock valued at $12,376,204. 2.20% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Logitech International (LOGI) Earning Favorable Press Coverage, Report Shows” was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://weekherald.com/2018/02/18/logitech-international-logi-earning-favorable-press-coverage-report-shows.html.

About Logitech International

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.

Insider Buying and Selling by Quarter for Logitech International (NASDAQ:LOGI)

Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply