Somewhat Favorable News Coverage Somewhat Unlikely to Affect ZAGG (ZAGG) Share Price

News coverage about ZAGG (NASDAQ:ZAGG) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ZAGG earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.2322576522638 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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A number of brokerages have recently issued reports on ZAGG. ValuEngine downgraded ZAGG from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded ZAGG from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. DA Davidson began coverage on ZAGG in a report on Thursday, March 15th. They set a “buy” rating and a $20.00 price target on the stock. Craig Hallum reaffirmed a “buy” rating and set a $19.00 price target (down from $24.00) on shares of ZAGG in a report on Thursday, March 8th. Finally, B. Riley downgraded ZAGG from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $16.00 in a report on Thursday, March 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.57.

ZAGG stock traded up $0.35 during trading on Tuesday, reaching $12.55. The stock had a trading volume of 272,203 shares, compared to its average volume of 570,257. ZAGG has a 52 week low of $6.55 and a 52 week high of $23.70. The company has a market cap of $342.92, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.03 and a beta of 1.13.

ZAGG (NASDAQ:ZAGG) last posted its earnings results on Wednesday, March 7th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). ZAGG had a net margin of 2.91% and a return on equity of 24.90%. The firm had revenue of $176.92 million during the quarter, compared to the consensus estimate of $167.15 million. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 53.9% compared to the same quarter last year. sell-side analysts anticipate that ZAGG will post 1.33 EPS for the current year.

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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.

Insider Buying and Selling by Quarter for ZAGG (NASDAQ:ZAGG)

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