Ladenburg Thalmann Reiterates Hold Rating for ZAGG (ZAGG)
ZAGG (NASDAQ:ZAGG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Ladenburg Thalmann in a research note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $5.00 price target on the stock. Ladenburg Thalmann’s price target points to a potential upside of 13.12% from the company’s current price.
A number of other firms have also recently commented on ZAGG. Analysts at Roth Capital cut their price target on shares of ZAGG from $5.00 to $4.50 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Agricole downgraded shares of ZAGG to an “outperform” rating in a research note to investors on Thursday, July 18th. Finally, analysts at Northland Capital Partners cut their price target on shares of ZAGG from $7.00 to $6.00 in a research note to investors on Wednesday, July 17th. They now have a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ZAGG has a consensus rating of “Hold” and a consensus target price of $5.70.
ZAGG (NASDAQ:ZAGG) traded down 0.45% on Monday, hitting $4.42. 235,897 shares of the company’s stock traded hands. ZAGG has a 52 week low of $4.21 and a 52 week high of $8.24. The stock’s 50-day moving average is $4.52 and its 200-day moving average is $5.32. The company has a market cap of $136.1 million and a price-to-earnings ratio of 19.22.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.03. The company had revenue of $51.20 million for the quarter, compared to the consensus estimate of $50.97 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 16.9% on a year-over-year basis. On average, analysts predict that ZAGG will post $0.44 earnings per share for the current fiscal year.
ZAGG Inc (NASDAQ:ZAGG), formerly ZAGG Incorporated, designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGskins, ZAGGbuds, ZAGGsparq, ZAGGmate, ZAGGfolio, ZAGGkeys, iFrogz and Earpollution.
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