The stock of Zagg Inc (NASDAQ:ZAGG) is a huge mover today! About 650,784 shares traded hands or 54.65% up from the average. Zagg Inc (NASDAQ:ZAGG) has declined 26.47% since February 26, 2016 and is downtrending. It has underperformed by 36.90% the S&P500.
The move comes after 9 months positive chart setup for the $232.07M company. It was reported on Sep, 30 by Barchart.com. We have $12.08 PT which if reached, will make NASDAQ:ZAGG worth $118.36 million more.
Analysts await Zagg Inc (NASDAQ:ZAGG) to report earnings on November, 1. They expect $0.14 earnings per share, up 7.69% or $0.01 from last year’s $0.13 per share. ZAGG’s profit will be $4.06M for 14.29 P/E if the $0.14 EPS becomes a reality. After $0.11 actual earnings per share reported by Zagg Inc for the previous quarter, Wall Street now forecasts 27.27% EPS growth.
Zagg Inc (NASDAQ:ZAGG) Ratings Coverage
Out of 3 analysts covering ZAGG (NASDAQ:ZAGG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. ZAGG has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Craig Hallum upgraded the stock to “Hold” rating in Thursday, August 27 report. The firm has “Neutral” rating given on Wednesday, August 5 by TH Capital. The firm earned “Buy” rating on Wednesday, May 11 by Wunderlich.
According to Zacks Investment Research, “ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG’s flagship brand, the invisibleSHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. The patent-pending invisibleSHIELD application is the first scratch protection solution of its kind on the market, and has sold over one million units. Currently, ZAGG offers over 2,500 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries.”
Insitutional Activity: The institutional sentiment decreased to 0.57 in 2016 Q2. Its down 0.88, from 1.45 in 2016Q1. The ratio worsened, as 40 funds sold all Zagg Inc shares owned while 47 reduced positions. 20 funds bought stakes while 30 increased positions. They now own 21.38 million shares or 19.75% less from 26.64 million shares in 2016Q1.
California State Teachers Retirement Systems has invested 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Cornerstone Capital Mgmt Holdg Ltd Co reported 98,217 shares or 0% of all its holdings. Art Advsr Ltd Liability Com has 0.03% invested in the company for 118,303 shares. Brandes Invest Partners Ltd Partnership last reported 0% of its portfolio in the stock. Tudor Inv Et Al has invested 0.01% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Federated Invsts Pa last reported 38,632 shares in the company. Oxford Asset Management has 0.04% invested in the company for 196,217 shares. Moreover, Gerstein Fisher has 0.03% invested in Zagg Inc (NASDAQ:ZAGG) for 40,132 shares. Spark Inv Mngmt reported 88,400 shares or 0.04% of all its holdings. Hancock Commerce accumulated 0.02% or 80,330 shares. Schwab Charles Investment Mgmt holds 0% or 39,621 shares in its portfolio. Blackrock Gp holds 0% or 40,302 shares in its portfolio. Umb Bancorp N A Mo reported 15,022 shares or 0% of all its holdings. Blackrock Invest Llc reported 117,445 shares or 0% of all its holdings. Blackrock Fund Advsr accumulated 709,156 shares or 0% of the stock.
Insider Transactions: Since May 19, 2016, the stock had 2 buys, and 0 selling transactions for $238,405 net activity. Shares for $39,614 were bought by HOLIDAY BRADLEY J on Thursday, May 19. Another trade for 37,865 shares valued at $198,791 was bought by HEINER E TODD.
More notable recent Zagg Inc (NASDAQ:ZAGG) news were published by: Fool.com which released: “Why Shares of Zagg Inc. Tumbled Today” on March 09, 2016, also Globenewswire.com with their article: “ZAGG Inc Introduces New Products at CES 2016” published on January 06, 2016, Streetinsider.com published: “ZAGG, Inc. (ZAGG) Announces Merger with mophie Moving Ahead of Schedule” on June 16, 2016. More interesting news about Zagg Inc (NASDAQ:ZAGG) were released by: Streetinsider.com and their article: “ZAGG, Inc. (ZAGG) Enters Merger Agreement with mophie” published on February 02, 2016 as well as Investorplace.com‘s news article titled: “Zagg Inc (ZAGG) Stock: This Pokemon Go Trade Just Got Away!” with publication date: July 19, 2016.
ZAGG Company Profile
ZAGG Inc (ZAGG), incorporated on April 2, 2004, 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. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Firm creates product solutions for users of mobile devices, and sells these products to clients through global distribution partners and online. The Firm offers products for various market divisions of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces.
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