Zagg Inc (NASDAQ:ZAGG)’s share price was up 4.7% on Thursday . The stock traded as high as $7.15 and last traded at $6.63, approximately 76,965 shares were traded during trading. A decline of 91% from the average daily volume of 855,743 shares. The stock had previously closed at $6.33.
Several equities analysts have weighed in on ZAGG shares. ValuEngine raised Zagg from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Zagg from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Craig Hallum lowered their price objective on Zagg from $17.50 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.00.
The firm has a market cap of $168.67 million, a PE ratio of 4.65, a P/E/G ratio of 0.68 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.99. The stock has a 50-day moving average price of $6.53 and a 200 day moving average price of $8.24.
Zagg (NASDAQ:ZAGG) last announced its quarterly earnings data on Tuesday, August 6th. The specialty retailer reported ($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The business had revenue of $106.80 million during the quarter, compared to the consensus estimate of $105.41 million. Zagg had a return on equity of 9.82% and a net margin of 1.86%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, equities research analysts anticipate that Zagg Inc will post 0.85 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its position in shares of Zagg by 378.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,629 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 7,615 shares during the period. Meeder Asset Management Inc. grew its position in shares of Zagg by 3,643.5% in the first quarter. Meeder Asset Management Inc. now owns 7,824 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 7,615 shares during the period. Geode Capital Management LLC grew its position in shares of Zagg by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 334,729 shares of the specialty retailer’s stock valued at $3,272,000 after purchasing an additional 42,147 shares during the period. LSV Asset Management grew its position in shares of Zagg by 5.6% in the first quarter. LSV Asset Management now owns 281,091 shares of the specialty retailer’s stock valued at $2,549,000 after purchasing an additional 14,800 shares during the period. Finally, Clark Estates Inc. NY grew its position in shares of Zagg by 13.3% in the first quarter. Clark Estates Inc. NY now owns 255,500 shares of the specialty retailer’s stock valued at $2,317,000 after purchasing an additional 30,000 shares during the period. 82.74% of the stock is owned by institutional investors and hedge funds.
About Zagg (NASDAQ:ZAGG)
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.
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