Zagg Inc (NASDAQ:ZAGG) – Analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for Zagg in a research report issued on Wednesday, October 31st. DA Davidson analyst T. Forte forecasts that the specialty retailer will earn $0.22 per share for the quarter. DA Davidson also issued estimates for Zagg’s Q4 2019 earnings at $0.71 EPS.
Several other equities analysts have also issued reports on ZAGG. ValuEngine lowered Zagg from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub lowered Zagg from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, B. Riley boosted their price target on Zagg from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.83.
Shares of ZAGG opened at $12.63 on Friday. Zagg has a 12-month low of $10.90 and a 12-month high of $23.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.66. The stock has a market cap of $355.65 million, a P/E ratio of 13.02, a PEG ratio of 1.21 and a beta of 1.66.
Several hedge funds have recently added to or reduced their stakes in ZAGG. BlackRock Inc. grew its stake in shares of Zagg by 25.2% in the 2nd quarter. BlackRock Inc. now owns 2,285,277 shares of the specialty retailer’s stock valued at $39,535,000 after purchasing an additional 459,802 shares during the period. American Century Companies Inc. bought a new stake in shares of Zagg in the 3rd quarter valued at approximately $4,514,000. Assenagon Asset Management S.A. bought a new stake in shares of Zagg in the 2nd quarter valued at approximately $4,582,000. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Zagg in the 3rd quarter valued at approximately $2,800,000. Finally, Chicago Equity Partners LLC grew its stake in shares of Zagg by 308.5% in the 2nd quarter. Chicago Equity Partners LLC now owns 240,510 shares of the specialty retailer’s stock valued at $4,161,000 after purchasing an additional 181,635 shares during the period. Institutional investors own 85.33% of the company’s stock.
In other news, President Brian Stech sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $14.67, for a total value of $146,700.00. Following the sale, the president now directly owns 198,864 shares in the company, valued at approximately $2,917,334.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.80% of the company’s stock.
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.
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