ZAGG Upgraded to Buy at Ladenburg Thalmann (ZAGG)
ZAGG (NASDAQ:ZAGG) was upgraded by equities researchers at Ladenburg Thalmann to a “buy” rating in a research report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a $7.00 price target on the stock. Ladenburg Thalmann’s price target would indicate a potential upside of 60.92% from the company’s current price.
ZAGG (NASDAQ:ZAGG) traded up 7.59% on Wednesday, hitting $4.68. The stock had a trading volume of 300,502 shares. ZAGG has a 52 week low of $3.58 and a 52 week high of $8.24. The stock has a 50-day moving average of $4.19 and a 200-day moving average of $4.52. The company has a market cap of $146.6 million and a price-to-earnings ratio of 19.08.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.10. The company had revenue of $49.90 million for the quarter, compared to the consensus estimate of $52.04 million. During the same quarter last year, the company posted $0.26 earnings per share. ZAGG’s revenue was down 16.6% compared to the same quarter last year. On average, analysts predict that ZAGG will post $0.36 earnings per share for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of ZAGG from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. They now have a $5.00 price target on the stock, down previously from $7.00. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ZAGG currently has an average rating of “Hold” and an average price target of $5.60.
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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