Shares of Skullcandy Inc. (NASDAQ:SKUL) 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 traded.

A number of analysts have recently commented 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 reissued a “buy” rating on shares of Skullcandy in a research report on Monday, June 27th. Wunderlich cut Skullcandy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $7.00 to $6.00 in a research report on Friday, June 24th. Finally, DA Davidson cut Skullcandy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $4.50 to $5.00 in a research report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Skullcandy has an average rating of “Buy” and a consensus target price of $6.84.

The firm has a 50-day moving average price of $5.62 and a 200 day moving average price of $4.07. The stock has a market capitalization of $175.20 million and a P/E ratio of 38.49.

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

In other Skullcandy news, Director Rick Alden sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $6.11, for a total value of $152,750.00. Following the completion of the sale, the director now directly owns 706,324 shares in the company, valued at $4,315,639.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ptarmagin, Llc sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $3.33, for a total transaction of $124,875.00. Following the completion of the sale, the insider now owns 3,789,886 shares of the company’s stock, valued at $12,620,320.38. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Skullcandy stock. Dimensional Fund Advisors LP boosted its stake 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 SEC filing.

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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