ValuEngine cut shares of Zagg (NASDAQ:ZAGG) from a hold rating to a sell rating in a report published on Monday.

A number of other research firms have also commented on ZAGG. BidaskClub lowered Zagg from a buy rating to a hold rating in a research note on Thursday, September 6th. B. Riley boosted their price objective on Zagg from $16.00 to $17.00 and gave the stock a hold rating in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $19.43.

Shares of ZAGG stock opened at $14.70 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $404.08 million, a P/E ratio of 14.90, a P/E/G ratio of 1.37 and a beta of 1.45. Zagg has a one year low of $10.90 and a one year high of $23.70.

Zagg (NASDAQ:ZAGG) last announced its quarterly earnings results on Tuesday, July 31st. The specialty retailer reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.06). The company had revenue of $118.57 million during the quarter, compared to analyst estimates of $116.44 million. Zagg had a net margin of 5.18% and a return on equity of 30.17%. research analysts expect that Zagg will post 1.39 earnings per share for the current fiscal year.

In other Zagg news, President Brian Stech sold 10,000 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $17.09, for a total value of $170,900.00. Following the transaction, the president now owns 208,864 shares of the company’s stock, valued at $3,569,485.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.80% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Globeflex Capital L P raised its position in shares of Zagg by 123.2% during the second quarter. Globeflex Capital L P now owns 79,000 shares of the specialty retailer’s stock worth $1,367,000 after acquiring an additional 43,600 shares during the last quarter. BlackRock Inc. raised its position in shares of Zagg by 0.7% during the first quarter. BlackRock Inc. now owns 1,825,475 shares of the specialty retailer’s stock worth $22,270,000 after acquiring an additional 13,177 shares during the last quarter. Bailard Inc. bought a new stake in shares of Zagg during the second quarter worth $606,000. GSA Capital Partners LLP bought a new stake in shares of Zagg during the first quarter worth $2,688,000. Finally, Bank of Montreal Can bought a new stake in shares of Zagg during the second quarter worth $242,000. Institutional investors own 85.69% of the company’s stock.

Zagg Company Profile

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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Analyst Recommendations for Zagg (NASDAQ:ZAGG)

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