ZAGG Price Target Lowered to $4.50 at Roth Capital (ZAGG)
Analysts at Roth Capital lowered their target price on shares of ZAGG (NASDAQ:ZAGG) from $5.00 to $4.50 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Roth Capital’s price target suggests a potential upside of 1.81% from the company’s current price.
ZAGG (NASDAQ:ZAGG) traded down 0.45% during mid-day trading on Monday, hitting $4.42. The stock had a trading volume of 235,897 shares. ZAGG has a one year low of $4.21 and a one year 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 announced its earnings results 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 last year, the company posted $0.18 earnings per share. ZAGG’s revenue was down 16.9% compared to the same quarter last year. Analysts expect that ZAGG will post $0.44 EPS for the current fiscal year.
ZAGG has been the subject of a number of other recent research reports. Analysts at Credit Agricole downgraded shares of ZAGG to an “outperform” rating in a research note to investors on Thursday, July 18th. Separately, analysts at Ladenburg Thalmann downgraded shares of ZAGG from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 18th. They now have a $5.00 price target on the stock, down previously from $7.00. 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.70.
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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