Several other analysts have also commented on the company. TheStreet raised Zagg from a c rating to a b- rating in a report on Wednesday, November 1st. Zacks Investment Research raised Zagg from a hold rating to a strong-buy rating and set a $20.00 price target on the stock in a research note on Thursday, October 26th. Northland Securities lifted their price target on Zagg from $12.00 to $16.00 and gave the stock an outperform rating in a research note on Wednesday, September 13th. Roth Capital set a $17.00 price target on Zagg and gave the stock a hold rating in a research note on Tuesday, October 17th. Finally, B. Riley set a $17.00 price objective on Zagg and gave the stock a hold rating in a research note on Monday, October 30th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Zagg has an average rating of Buy and a consensus target price of $19.17.
Zagg (NASDAQ:ZAGG) opened at $18.55 on Wednesday. Zagg has a 12 month low of $5.90 and a 12 month high of $23.70. The stock has a market capitalization of $520.34, a PE ratio of 71.54, a PEG ratio of 2.88 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 0.07.
Zagg (NASDAQ:ZAGG) last announced its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $128.23 million. Zagg had a return on equity of 6.59% and a net margin of 0.63%. Zagg’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. research analysts anticipate that Zagg will post 1 EPS for the current year.
In other news, CFO Bradley J. Holiday sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $19.02, for a total transaction of $190,200.00. Following the completion of the transaction, the chief financial officer now directly owns 89,587 shares of the company’s stock, valued at approximately $1,703,944.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Randall L. Hales sold 50,001 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.16, for a total value of $958,019.16. Following the transaction, the chief executive officer now directly owns 713,380 shares of the company’s stock, valued at $13,668,360.80. The disclosure for this sale can be found here. Insiders sold a total of 99,830 shares of company stock worth $1,903,425 in the last quarter. Company insiders own 4.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ZAGG. Royce & Associates LP boosted its position in shares of Zagg by 43.4% in the 2nd quarter. Royce & Associates LP now owns 576,154 shares of the specialty retailer’s stock valued at $4,984,000 after purchasing an additional 174,254 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Zagg in the 2nd quarter valued at about $169,000. Martingale Asset Management L P purchased a new stake in Zagg during the 2nd quarter valued at approximately $213,000. AJO LP purchased a new stake in Zagg during the 2nd quarter valued at approximately $3,715,000. Finally, Teachers Advisors LLC raised its stake in Zagg by 5.0% during the 2nd quarter. Teachers Advisors LLC now owns 50,494 shares of the specialty retailer’s stock valued at $437,000 after acquiring an additional 2,401 shares during the last quarter. 82.75% of the stock is owned by hedge funds and other institutional investors.
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ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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