News headlines about ZAGG (NASDAQ:ZAGG) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ZAGG earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.650539923329 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- ZAGG Inc (NasdaqGS:ZAGG)’s Enterprise Worth Totaling 471239 (derbynewsjournal.com)
- Form 4 ZAGG Inc For: May 21 Filed by: HOLIDAY BRADLEY J (streetinsider.com)
- Global Mobile Phone Screen Protectors Market Outlook 2018-2023 : Zagg Inc., Belkin International, Bodyguardz … (thetechnicalprogress.com)
- Investor Check: Following the F Score on Shares of Zagg Inc (ZAGG) (derbynewsjournal.com)
- ZAGG Joins Hands With CPR Cell Phone Repair to Target 430 Retail Locations in US and Canada (pennvillecaller.com)
Several analysts have recently weighed in on ZAGG shares. Craig Hallum reiterated a “buy” rating and set a $19.00 target price (down from $24.00) on shares of ZAGG in a research report on Thursday, March 8th. BidaskClub downgraded ZAGG from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. B. Riley downgraded ZAGG from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $16.00 in a research report on Thursday, March 8th. DA Davidson started coverage on ZAGG in a research report on Thursday, March 15th. They set a “buy” rating and a $20.00 target price for the company. Finally, ValuEngine downgraded ZAGG from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. ZAGG currently has a consensus rating of “Buy” and an average price target of $18.13.
Shares of ZAGG stock traded down $0.40 during trading on Tuesday, hitting $15.45. 10,664 shares of the stock traded hands, compared to its average volume of 538,424. The firm has a market cap of $435.03 million, a P/E ratio of 15.93, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.67, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. ZAGG has a 52-week low of $8.00 and a 52-week high of $23.70.
ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings results on Tuesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.28. The firm had revenue of $112.10 million for the quarter, compared to analyst estimates of $96.62 million. ZAGG had a return on equity of 31.62% and a net margin of 5.25%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) earnings per share. analysts forecast that ZAGG will post 1.38 earnings per share for the current year.
In other news, Director Cheryl A. Larabee sold 18,594 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $14.49, for a total transaction of $269,427.06. Following the transaction, the director now owns 104,361 shares in the company, valued at $1,512,190.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.80% of the company’s stock.
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.
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