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

Several analysts recently commented on ZAGG shares. Zacks Investment Research downgraded shares of Zagg from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Roth Capital reiterated a “hold” rating on shares of Zagg in a research report on Wednesday, May 18th. Finally, Wunderlich reduced their price target 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 given a buy rating to the stock. Zagg currently has an average rating of “Hold” and an average target price of $8.69.

The company has a 50-day moving average price of $5.47 and a 200 day moving average price of $7.82. The stock has a market capitalization of $203.83 million and a P/E ratio of 22.73.

Zagg (NASDAQ:ZAGG) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $71.07 million. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Analysts expect that Zagg Inc. will post $0.48 earnings per share for the current year.

In related news, CFO Bradley J. Holiday purchased 7,560 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $400,545.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director E Todd Heiner purchased 37,865 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were bought at an average cost of $5.25 per share, with a total value of $198,791.25. Following the transaction, the director now directly owns 92,308 shares of the company’s stock, valued at approximately $484,617. The disclosure for this purchase can be found here.

Several hedge funds recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Zagg by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,809,165 shares of the company’s stock worth $19,793,000 after buying an additional 181,033 shares during the last quarter. Wells Fargo & Company MN increased its stake in Zagg by 4,168.8% in the fourth quarter. Wells Fargo & Company MN now owns 635,064 shares of the company’s stock worth $6,947,000 after buying an additional 620,187 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 worth $2,984,000 after buying an additional 5,917 shares during the last quarter. 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 worth $5,149,000 after buying an additional 2,055 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Zagg during the fourth quarter worth $1,174,000.

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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