Shares of Zagg Inc. (NASDAQ:ZAGG) were up 5% during trading on Wednesday . The company traded as high as $5.22 and last traded at $5.21, with a volume of 233,902 shares traded. The stock had previously closed at $4.96.

A number of analysts recently commented on ZAGG shares. Zacks Investment Research lowered Zagg from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Roth Capital reiterated a “hold” rating on shares of Zagg in a report on Wednesday, May 18th. Finally, Wunderlich dropped their price target on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.44.

The stock has a market capitalization of $144.51 million and a price-to-earnings ratio of 16.11. The stock has a 50 day moving average price of $5.21 and a 200-day moving average price of $8.12.

Zagg (NASDAQ:ZAGG) last posted its earnings results on Tuesday, May 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.05. The business earned $62.40 million during the quarter, compared to analysts’ expectations of $71.07 million. During the same quarter last year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Zagg Inc. will post $0.48 EPS for the current fiscal year.

In related news, Director E Todd Heiner purchased 37,865 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $5.25 per share, for a total transaction of $198,791.25. Following the purchase, the director now directly owns 92,308 shares of the company’s stock, valued at approximately $484,617. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley J. Holiday purchased 7,560 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was bought at an average price of $5.24 per share, for a total transaction of $39,614.40. Following the purchase, the chief financial officer now directly owns 76,440 shares in the company, valued at $400,545.60. The disclosure for this purchase can be found here.

Other hedge funds recently bought and sold shares of the company. Morgan Stanley increased its stake in Zagg by 322.2% in the fourth quarter. Morgan Stanley now owns 239,573 shares of the company’s stock valued at $2,620,000 after buying an additional 182,823 shares during the last quarter. Tieton Capital Management LLC increased its stake in Zagg by 2.6% in the fourth quarter. Tieton Capital Management LLC now owns 762,825 shares of the company’s stock valued at $8,345,000 after buying an additional 19,270 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Zagg by 2.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 272,717 shares of the company’s stock valued at $2,984,000 after buying an additional 5,917 shares during the last quarter. EAM Investors LLC bought a new stake in Zagg during the fourth quarter valued at $2,473,000. Finally, New Amsterdam Partners LLC NY increased its stake in Zagg by 0.4% in the fourth quarter. New Amsterdam Partners LLC NY now owns 470,664 shares of the company’s stock valued at $5,149,000 after buying an additional 2,055 shares during the last quarter.

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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