Zagg Inc. (NASDAQ:ZAGG) shares shot up 4.7% on Tuesday . The company traded as high as $7.44 and last traded at $6.92, with a volume of 3,032,575 shares traded. The stock had previously closed at $6.61.

A number of research firms have weighed in on ZAGG. Roth Capital boosted their target price on shares of Zagg from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, July 14th. Zacks Investment Research lowered shares of Zagg from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Finally, Wunderlich cut their target price on shares of Zagg from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Zagg currently has an average rating of “Hold” and an average target price of $8.69.

The company’s 50-day moving average price is $5.36 and its 200 day moving average price is $7.83. The company has a market capitalization of $197.37 million and a price-to-earnings ratio of 22.01.

Zagg (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $62.40 million for the quarter, compared to analyst estimates of $71.07 million. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. On average, equities research analysts forecast that Zagg Inc. will post $0.48 EPS for the current fiscal year.

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

A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in Zagg during the fourth quarter worth $1,174,000. EAM Investors LLC acquired a new position in Zagg during the fourth quarter worth $2,473,000. Cornerstone Capital Management Holdings LLC. increased its position in Zagg by 2.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 272,717 shares of the company’s stock worth $2,984,000 after buying an additional 5,917 shares during the period. Opus Capital Group LLC acquired a new position in Zagg during the fourth quarter worth $3,375,000. Finally, LSV Asset Management increased its position in Zagg by 1.2% in the fourth quarter. LSV Asset Management now owns 367,900 shares of the company’s stock worth $4,024,000 after buying an additional 4,200 shares during the period.

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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