Skullcandy Inc. (NASDAQ:SKUL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $5.99, but opened at $6.03. Skullcandy shares last traded at $6.13, with a volume of 290,169 shares changing hands.

Several equities analysts have weighed in on the company. TheStreet raised Skullcandy from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Skullcandy from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Roth Capital reaffirmed a “buy” rating on shares of Skullcandy in a research report on Monday, June 27th. Wunderlich downgraded Skullcandy from a “buy” rating to a “hold” rating and dropped their target price for the company from $7.00 to $6.00 in a research report on Friday, June 24th. Finally, DA Davidson downgraded Skullcandy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $4.50 to $5.00 in a research report on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Skullcandy presently has a consensus rating of “Buy” and an average target price of $6.84.

The firm has a market capitalization of $175.20 million and a PE ratio of 38.49. The firm has a 50 day moving average of $5.62 and a 200-day moving average of $4.07.

Skullcandy (NASDAQ:SKUL) last released its earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The company earned $46.30 million during the quarter, compared to analysts’ expectations of $45.10 million. During the same quarter in the previous year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that Skullcandy Inc. will post $0.23 EPS for the current year.

In related news, major shareholder Ptarmagin, Llc sold 37,500 shares of the stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $6.11, for a total transaction of $229,125.00. Following the transaction, the insider now directly owns 3,489,886 shares in the company, valued at $21,323,203.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rick Alden sold 25,000 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $4.55, for a total value of $113,750.00. Following the transaction, the director now owns 731,324 shares in the company, valued at $3,327,524.20. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Skullcandy stock. Dimensional Fund Advisors LP raised its stake in Skullcandy Inc. (NASDAQ:SKUL) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 5.28% of Skullcandy worth $7,126,000 at the end of the most recent reporting period.

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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