Skullcandy Inc. (NASDAQ:SKUL)’s share price was up 1.7% during mid-day trading on Monday . The company traded as high as $6.10 and last traded at $6.07, with a volume of 650,465 shares traded. The stock had previously closed at $5.97.

A number of equities analysts have issued reports on SKUL shares. DA Davidson cut Skullcandy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $4.50 to $5.00 in a report on Wednesday, June 8th. Zacks Investment Research upgraded Skullcandy from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Roth Capital reiterated a “buy” rating on shares of Skullcandy in a report on Monday, June 27th. Finally, Wunderlich cut Skullcandy from a “buy” rating to a “hold” rating and cut their target price for the stock from $7.00 to $6.00 in a report on Friday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.84.

The firm’s 50-day moving average is $5.34 and its 200 day moving average is $4.02. The company has a market cap of $173.77 million and a price-to-earnings ratio of 38.18.

Skullcandy (NASDAQ:SKUL) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.01. During the same period in the prior year, the firm posted ($0.13) EPS. The company had revenue of $46.30 million for the quarter, compared to analysts’ expectations of $45.10 million. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Skullcandy Inc. will post $0.23 earnings per share for the current year.

In other news, major shareholder Ptarmagin, Llc sold 37,500 shares of Skullcandy stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $6.11, for a total transaction of $229,125.00. Following the completion of the sale, the insider now directly owns 3,489,886 shares in the company, valued at approximately $21,323,203.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rick Alden sold 25,000 shares of Skullcandy stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $3.72, for a total transaction of $93,000.00. Following the sale, the director now owns 733,597 shares of the company’s stock, valued at $2,728,980.84. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Skullcandy stock. Dimensional Fund Advisors LP increased its position in shares of Skullcandy Inc. (NASDAQ:SKUL) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,506,475 shares of the company’s stock after buying an additional 14,155 shares during the period. Dimensional Fund Advisors LP owned 5.28% of Skullcandy worth $7,126,000 as of its most recent filing with the SEC.

Skullcandy, Inc creates audio experiences through its Skullcandy and Astro Gaming brands. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. The International segment includes Skullcandy product sales to customers in Europe, Asia, Canada Mexico, and all other geographic areas outside the United States that are served by the Company’s International operations.

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