Zagg Inc. (ZAGG) Stock Price Up 3%
Shares of Zagg Inc. (NASDAQ:ZAGG) rose 3% on Wednesday . The stock traded as high as $7.60 and last traded at $7.52, with a volume of 430,576 shares changing hands. The stock had previously closed at $7.30.
ZAGG has been the topic of several recent analyst reports. Roth Capital raised their price target on Zagg from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, July 14th. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Finally, Wunderlich lowered their price target on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zagg has an average rating of “Buy” and a consensus price target of $8.69.
The firm’s 50-day moving average price is $6.73 and its 200 day moving average price is $7.39. The stock has a market cap of $203.33 million and a P/E ratio of 46.35.
Zagg (NASDAQ:ZAGG) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.14. The firm had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $93.07 million. During the same quarter last year, the company posted $0.12 EPS. The firm’s revenue was up 49.7% compared to the same quarter last year. Equities analysts anticipate that Zagg Inc. will post $0.44 earnings per share for the current year.
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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