Zagg Inc (ZAGG) Receives Average Recommendation of “Buy” from Analysts

Zagg Inc (NASDAQ:ZAGG) has been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.67.

A number of analysts recently issued reports on the company. ValuEngine raised Zagg from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research reissued a “hold” rating on shares of Zagg in a report on Saturday, February 10th. B. Riley set a $20.00 price objective on Zagg and gave the stock a “buy” rating in a report on Wednesday, January 17th. BidaskClub cut Zagg from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Craig Hallum set a $24.00 price objective on Zagg and gave the stock a “buy” rating in a report on Wednesday, January 3rd.

Large investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC purchased a new stake in shares of Zagg in the 2nd quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in shares of Zagg in the 4th quarter valued at about $108,000. Financial Gravity Companies Inc. purchased a new stake in shares of Zagg in the 4th quarter valued at about $119,000. Voya Investment Management LLC raised its holdings in shares of Zagg by 18.2% in the 2nd quarter. Voya Investment Management LLC now owns 17,709 shares of the specialty retailer’s stock valued at $153,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Zagg in the 2nd quarter valued at about $169,000. 77.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Zagg (NASDAQ ZAGG) remained flat at $$16.10 on Wednesday. The stock had a trading volume of 222,000 shares, compared to its average volume of 623,429. The firm has a market cap of $442.96, a PE ratio of 158.30, a PEG ratio of 2.37 and a beta of 0.88. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. Zagg has a one year low of $5.90 and a one year high of $23.70.

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Zagg Company Profile

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.

Analyst Recommendations for Zagg (NASDAQ:ZAGG)

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