Zagg Inc (ZAGG) on Focus After Trading At 52-Week Highs

November 21, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.08, from 1.22 in 2017Q1. It dived, as 13 investors sold Zagg Inc shares while 30 reduced holdings. 21 funds opened positions while 28 raised stakes. 21.87 million shares or 4.15% more from 21.00 million shares in 2017Q1 were reported.
Acadian Asset Ltd Liability Company owns 32,141 shares or 0% of their US portfolio. Pnc Financial Gp Inc reported 137,859 shares. 85,500 were reported by Product Prns. Ancora Advsr Ltd reported 47,053 shares stake. Morgan Stanley reported 77,612 shares. Connor Clark Lunn Investment Management owns 44,975 shares for 0% of their portfolio. Bridgeway Mgmt Inc holds 0.04% of its portfolio in Zagg Inc (NASDAQ:ZAGG) for 404,650 shares. Bank & Trust Of Ny Mellon owns 208,922 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Schwab Charles Management reported 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Perkins Cap Mngmt accumulated 69,600 shares or 0.67% of the stock. California Pub Employees Retirement System has invested 0% in Zagg Inc (NASDAQ:ZAGG). Creative Planning accumulated 1,000 shares. The Virginia-based Thompson Siegel & Walmsley Limited Liability Corp has invested 0% in Zagg Inc (NASDAQ:ZAGG). Ftb Advisors Inc holds 0% or 287 shares in its portfolio.

The stock of Zagg Inc (NASDAQ:ZAGG) hit a new 52-week high and has $24.28 target or 6.00 % above today’s $22.91 share price. The 9 months bullish chart indicates low risk for the $641.04 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.28 price target is reached, the company will be worth $38.46 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 756,028 shares traded. Zagg Inc (NASDAQ:ZAGG) has risen 54.72% since November 21, 2016 and is uptrending. It has outperformed by 38.02% the S&P500.

Analysts expect Zagg Inc (NASDAQ:ZAGG) to report $0.73 EPS on March, 6.They anticipate $0.81 EPS change or 1,012.50 % from last quarter’s $-0.08 EPS. ZAGG’s profit would be $20.42M giving it 7.86 P/E if the $0.73 EPS is correct. After having $0.34 EPS previously, Zagg Inc’s analysts see 114.71 % EPS growth.

Zagg Inc (NASDAQ:ZAGG) Ratings Coverage

Among 6 analysts covering ZAGG (NASDAQ:ZAGG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. ZAGG has $23.0 highest and $8 lowest target. $15.83’s average target is -30.90% below currents $22.91 stock price. ZAGG had 15 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, August 27, the company rating was upgraded by Craig Hallum. Northland Capital maintained the stock with “Buy” rating in Thursday, November 2 report. Roth Capital maintained it with “Hold” rating and $17.0 target in Tuesday, October 17 report. Wunderlich maintained Zagg Inc (NASDAQ:ZAGG) on Wednesday, November 2 with “Buy” rating. The rating was maintained by Wunderlich on Friday, June 9 with “Buy”. The firm earned “Buy” rating on Friday, October 27 by Northland Capital. Craig Hallum maintained Zagg Inc (NASDAQ:ZAGG) rating on Thursday, October 19. Craig Hallum has “Buy” rating and $23.0 target. TH Capital maintained Zagg Inc (NASDAQ:ZAGG) on Wednesday, August 5 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, August 2 by Roth Capital. The rating was maintained by Roth Capital on Thursday, June 15 with “Hold”.

More important recent Zagg Inc (NASDAQ:ZAGG) news were published by: Globenewswire.com which released: “ZAGG Announces Participation in the 8th Annual Craig-Hallum Alpha Select …” on November 13, 2017, also Globenewswire.com published article titled: “ZAGG Unveils Slim Book Wireless Keyboard and Case for the 10.5-inch Apple iPad Pro”, Globenewswire.com published: “UPDATE: ZAGG Reports 2017 Third Quarter and Nine Months Results; Company …” on November 01, 2017. More interesting news about Zagg Inc (NASDAQ:ZAGG) was released by: Nasdaq.com and their article: “Anatomy of Success: ZAGG Inc. (ZAGG)” with publication date: November 20, 2017.

ZAGG Inc designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. The company has market cap of $641.04 million. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. It has a 232.33 P/E ratio. The Firm creates product solutions for users of mobile devices, and sells these products to clients through global distribution partners and online.

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