Zagg (NASDAQ:ZAGG) had its price target lowered by B. Riley from $17.00 to $15.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Zagg’s Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.32 EPS and FY2019 earnings at $1.35 EPS.

Several other brokerages also recently issued reports on ZAGG. BidaskClub raised Zagg from a hold rating to a buy rating in a report on Saturday, August 25th. ValuEngine downgraded Zagg from a buy rating to a hold rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Zagg has a consensus rating of Hold and an average price target of $19.50.

Shares of NASDAQ ZAGG traded down $0.18 during trading hours on Wednesday, hitting $11.46. The company had a trading volume of 348,390 shares, compared to its average volume of 352,985. The company has a market cap of $320.73 million, a PE ratio of 11.81, a PEG ratio of 1.12 and a beta of 1.66. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. Zagg has a 1-year low of $10.60 and a 1-year high of $23.70.

Zagg (NASDAQ:ZAGG) last released its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $141.10 million during the quarter, compared to the consensus estimate of $149.13 million. Zagg had a return on equity of 33.12% and a net margin of 6.00%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, sell-side analysts predict that Zagg will post 1.35 EPS for the current fiscal year.

In other Zagg news, President Brian Stech sold 10,000 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $14.67, for a total transaction of $146,700.00. Following the completion of the sale, the president now owns 198,864 shares of the company’s stock, valued at approximately $2,917,334.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ZAGG. O Shaughnessy Asset Management LLC lifted its holdings in shares of Zagg by 7.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 66,381 shares of the specialty retailer’s stock worth $976,000 after buying an additional 4,576 shares in the last quarter. AXA lifted its holdings in shares of Zagg by 44.2% during the third quarter. AXA now owns 17,300 shares of the specialty retailer’s stock worth $255,000 after buying an additional 5,300 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Zagg by 1.6% during the first quarter. Northern Trust Corp now owns 375,910 shares of the specialty retailer’s stock worth $4,586,000 after buying an additional 5,830 shares in the last quarter. Strs Ohio lifted its holdings in shares of Zagg by 15.4% during the second quarter. Strs Ohio now owns 45,800 shares of the specialty retailer’s stock worth $792,000 after buying an additional 6,100 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Zagg by 26.6% during the third quarter. Wedge Capital Management L L P NC now owns 35,683 shares of the specialty retailer’s stock worth $526,000 after buying an additional 7,498 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

Zagg Company Profile

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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Analyst Recommendations for Zagg (NASDAQ:ZAGG)

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