ZAGG Rating Increased to Outperform at Northland Securities (ZAGG)
ZAGG (NASDAQ:ZAGG) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $6.50 price target on the stock, up from their previous price target of $5.00. Northland Securities’ target price would indicate a potential upside of 17.33% from the company’s current price.
Shares of ZAGG (NASDAQ:ZAGG) traded up 5.12% on Wednesday, hitting $5.54. The stock had a trading volume of 831,658 shares. ZAGG has a 52-week low of $3.58 and a 52-week high of $6.19. The stock’s 50-day moving average is $5.34 and its 200-day moving average is $4.68. The company has a market cap of $167.7 million and a P/E ratio of 35.13.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.07. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $43.18 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict that ZAGG will post $0.28 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of ZAGG from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $6.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.90.
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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