ZAGG Inc (ZAGG)’s Stock Is Buy After Today’s Significant Increase

December 11, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.08, from 1.22 in 2017Q1. It is negative, as 13 investors sold ZAGG Inc shares while 30 reduced holdings. 21 funds opened positions while 28 raised stakes. 21.87 million shares or 4.15% more from 21.00 million shares in 2017Q1 were reported.
Wellington Management Grp Ltd Liability Partnership stated it has 0% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Millennium Mngmt Llc owns 494,162 shares or 0.01% of their US portfolio. Pacific Ridge Prtnrs Lc invested 1.52% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Deutsche Bancorp Ag has 0% invested in ZAGG Inc (NASDAQ:ZAGG). Clarivest Asset Mngmt Lc stated it has 0.02% in ZAGG Inc (NASDAQ:ZAGG). Walleye Trading Ltd Limited Liability Company owns 5,093 shares or 0% of their US portfolio. Tiaa Cref Inv Mgmt Ltd Co accumulated 93,133 shares or 0% of the stock. Connecticut-based Aqr Limited Liability Corp has invested 0.01% in ZAGG Inc (NASDAQ:ZAGG). Pdt Partners Ltd Liability Corp holds 0.03% or 85,500 shares. The West Virginia-based Wesbanco State Bank has invested 0.04% in ZAGG Inc (NASDAQ:ZAGG). Price T Rowe Assoc Incorporated Md reported 24,077 shares stake. Dimensional Fund Advsr Ltd Partnership holds 0.01% or 2.31M shares. Alliancebernstein L P, a New York-based fund reported 19,500 shares. Emerald Mutual Fund Advisers invested 0.01% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Pnc Fincl Gp invested 0% of its portfolio in ZAGG Inc (NASDAQ:ZAGG).

The stock of ZAGG Inc (NASDAQ:ZAGG) is a huge mover today! The stock increased 4.28% or $0.825 during the last trading session, reaching $20.125. About 467,008 shares traded. ZAGG Inc (NASDAQ:ZAGG) has risen 54.72% since December 11, 2016 and is uptrending. It has outperformed by 38.02% the S&P500.
The move comes after 9 months positive chart setup for the $563.00 million company. It was reported on Dec, 11 by Barchart.com. We have $20.93 PT which if reached, will make NASDAQ:ZAGG worth $22.52M more.

Analysts await ZAGG Inc (NASDAQ:ZAGG) to report earnings on March, 6. They expect $0.73 earnings per share, up 1,012.50 % or $0.81 from last year’s $-0.08 per share. ZAGG’s profit will be $20.42 million for 6.89 P/E if the $0.73 EPS becomes a reality. After $0.34 actual earnings per share reported by ZAGG Inc for the previous quarter, Wall Street now forecasts 114.71 % EPS growth.

ZAGG Inc (NASDAQ:ZAGG) Ratings Coverage

Among 6 analysts covering ZAGG (NASDAQ:ZAGG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. ZAGG had 16 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 19 by Craig Hallum. The firm has “Buy” rating given on Friday, October 27 by Northland Capital. Roth Capital maintained it with “Hold” rating and $17.0 target in Tuesday, October 17 report. The stock has “Hold” rating by Roth Capital on Thursday, June 15. The rating was maintained by TH Capital with “Neutral” on Wednesday, August 5. The firm has “Buy” rating by Northland Capital given on Monday, September 11. The company was maintained on Thursday, November 2 by Northland Capital. The firm has “Hold” rating by Craig Hallum given on Thursday, August 27. The firm earned “Buy” rating on Friday, December 1 by Northland Capital. Roth Capital maintained ZAGG Inc (NASDAQ:ZAGG) rating on Wednesday, August 2. Roth Capital has “Hold” rating and $8.5000 target.

More recent ZAGG Inc (NASDAQ:ZAGG) news were published by: Nasdaq.com which released: “Anatomy of Success: ZAGG Inc. (ZAGG)” on November 20, 2017. Also Globenewswire.com published the news titled: “ZAGG Announces Participation in the 8th Annual Craig-Hallum Alpha Select …” on November 13, 2017. Globenewswire.com‘s news article titled: “ZAGG Unveils Slim Book Wireless Keyboard and Case for the 10.5-inch Apple iPad Pro” with publication date: November 16, 2017 was also an interesting one.

ZAGG Inc, together with its subsidiaries, designs, makes, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company has market cap of $563.00 million. The firm operates through ZAGG and mophie divisions. It has a 199.26 P/E ratio. It 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; earbuds, headphones, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.