Zagg (ZAGG) Receiving Somewhat Positive News Coverage, Report Finds
Press coverage about Zagg (NASDAQ:ZAGG) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zagg earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.2424664620816 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Worth Watching Stocks: XL Group Ltd (NYSE:XL), ZAGG Inc (NASDAQ:ZAGG) – The Oracle Examiner (oracleexaminer.com)
- Zagg (ZAGG) Downgraded by BidaskClub (americanbankingnews.com)
- Monthly Downward Snap – ZAGG Inc (ZAGG) performed -4.13% – The Stocks News (press release) (thestocksnews.com)
- ZAGG Inc (ZAGG) stock is worth at $18.55 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Zagg (ZAGG) Earns “Hold” Rating from Zacks Investment Research (americanbankingnews.com)
A number of equities research analysts have recently issued reports on ZAGG shares. TheStreet raised shares of Zagg from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Zagg from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Saturday, January 6th. Craig Hallum set a $24.00 price objective on shares of Zagg and gave the company a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of Zagg from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Northland Securities reissued a “buy” rating and set a $23.00 price objective on shares of Zagg in a research report on Friday, December 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.17.
Shares of Zagg (NASDAQ ZAGG) traded down $3.10 during trading on Wednesday, reaching $15.45. 2,592,700 shares of the company traded hands, compared to its average volume of 814,900. The company has a market cap of $432.22, a P/E ratio of 154.50, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68. Zagg has a one year low of $5.90 and a one year high of $23.70.
Zagg (NASDAQ:ZAGG) last issued its earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $128.23 million. Zagg had a net margin of 0.63% and a return on equity of 6.59%. Zagg’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. analysts anticipate that Zagg will post 1 earnings per share for the current fiscal year.
In related news, CEO Randall L. Hales sold 50,001 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.16, for a total value of $958,019.16. Following the completion of the transaction, the chief executive officer now owns 713,380 shares of the company’s stock, valued at approximately $13,668,360.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Stech sold 20,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $18.08, for a total transaction of $361,600.00. The disclosure for this sale can be found here. Insiders sold a total of 99,830 shares of company stock valued at $1,903,425 in the last ninety days. 4.20% of the stock is currently owned by insiders.
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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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