ZAGG Inc (NASDAQ:ZAGG)’s share price rose NaN during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $19.38 and last traded at $0.00. Approximately 3,523,230 shares traded hands during trading, an increase of Infinity from the average daily volume of 0 shares. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $128.23 million. ZAGG had a net margin of 0.63% and a return on equity of 6.76%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share.

ZAGG has been the topic of a number of analyst reports. TheStreet upgraded shares of ZAGG from a “c” rating to a “b-” rating in a research note on Wednesday. B. Riley upgraded shares of ZAGG from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $20.00 in a research note on Thursday. Roth Capital set a $17.00 price objective on shares of ZAGG and gave the company a “hold” rating in a research note on Tuesday, October 17th. Northland Securities set a $10.00 price objective on shares of ZAGG and gave the company a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of ZAGG from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Friday, August 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.67.

Several large investors have recently modified their holdings of the stock. Wasatch Advisors Inc. increased its stake in shares of ZAGG by 7.3% in the second quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock worth $11,855,000 after buying an additional 93,551 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of ZAGG by 7.0% in the second quarter. Vanguard Group Inc. now owns 1,183,161 shares of the specialty retailer’s stock worth $10,235,000 after buying an additional 76,913 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of ZAGG by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 624,911 shares of the specialty retailer’s stock worth $5,405,000 after buying an additional 7,041 shares during the last quarter. Royce & Associates LP increased its stake in ZAGG by 43.4% during the second 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 last quarter. Finally, State Street Corp increased its stake in ZAGG by 8.0% during the second quarter. State Street Corp now owns 451,148 shares of the specialty retailer’s stock valued at $3,904,000 after purchasing an additional 33,602 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

The company has a current ratio of 1.01, a quick ratio of 0.59 and a debt-to-equity ratio of 0.09. The company has a market cap of $527.33, a P/E ratio of 72.50, a price-to-earnings-growth ratio of 4.26 and a beta of 0.82.

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About ZAGG

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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