ZAGG Inc (NASDAQ:ZAGG) CEO Randall L. Hales sold 19,829 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $19.85, for a total value of $393,605.65. Following the completion of the sale, the chief executive officer now owns 713,380 shares in the company, valued at $14,160,593. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ZAGG Inc (ZAGG) opened at $19.85 on Tuesday. ZAGG Inc has a one year low of $5.90 and a one year high of $20.43. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. The firm has a market cap of $538.52, a PE ratio of 74.04, a P/E/G ratio of 3.90 and a beta of 0.82.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. ZAGG had a net margin of 0.63% and a return on equity of 6.59%. The business had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $128.23 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. research analysts predict that ZAGG Inc will post 0.99 EPS for the current year.
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A number of equities research analysts have issued reports on ZAGG shares. Zacks Investment Research upgraded ZAGG from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, July 19th. Northland Securities set a $10.00 target price on ZAGG and gave the company a “buy” rating in a research note on Tuesday, July 25th. Roth Capital set a $9.00 target price on ZAGG and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded ZAGG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, Craig Hallum reiterated a “buy” rating and issued a $23.00 target price (up from $16.00) on shares of ZAGG in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. ZAGG has a consensus rating of “Buy” and an average target price of $17.67.
Several hedge funds and other institutional investors have recently modified their holdings of ZAGG. Gotham Asset Management LLC acquired a new position in ZAGG during the second quarter worth about $100,000. American International Group Inc. grew its holdings in ZAGG by 7.0% during the first quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 1,117 shares during the period. Voya Investment Management LLC grew its holdings in ZAGG by 18.2% during the second quarter. Voya Investment Management LLC now owns 17,709 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 2,730 shares during the period. Alliancebernstein L.P. acquired a new position in ZAGG during the second quarter worth about $169,000. Finally, JPMorgan Chase & Co. grew its holdings in ZAGG by 0.4% during the first quarter. JPMorgan Chase & Co. now owns 24,142 shares of the specialty retailer’s stock worth $174,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 83.13% of the company’s stock.
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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