Zagg Inc. (NASDAQ:ZAGG)’s share price dropped 3.6% on Thursday . The stock traded as low as $6.95 and last traded at $6.99, with a volume of 1,664,196 shares trading hands. The stock had previously closed at $7.25.

ZAGG has been the topic of several recent analyst reports. Wunderlich cut their price objective on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. Zacks Investment Research cut Zagg from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 30th. Finally, Roth Capital reiterated a “hold” rating on shares of Zagg in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Zagg has an average rating of “Hold” and a consensus target price of $8.69.

The stock has a market cap of $193.43 million and a PE ratio of 21.57. The company’s 50 day moving average is $5.58 and its 200-day moving average is $7.79.

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

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

Several large investors recently modified their holdings of ZAGG. Dimensional Fund Advisors LP boosted its stake in shares of Zagg by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,809,165 shares of the company’s stock valued at $19,793,000 after buying an additional 181,033 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Zagg by 4,168.8% in the fourth quarter. Wells Fargo & Company MN now owns 635,064 shares of the company’s stock valued at $6,947,000 after buying an additional 620,187 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of 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. Finally, Russell Frank Co boosted its stake in shares of Zagg by 59.1% in the fourth quarter. Russell Frank Co now owns 390,711 shares of the company’s stock valued at $4,489,000 after buying an additional 145,164 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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