ZAGG (ZAGG) Receiving Somewhat Positive News Coverage, Analysis Finds

Press coverage about ZAGG (NASDAQ:ZAGG) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ZAGG earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 44.8176386245819 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

ZAGG (NASDAQ ZAGG) traded up 4.29% on Tuesday, hitting $12.15. 648,096 shares of the stock were exchanged. The stock’s market cap is $339.76 million. The company has a 50-day moving average of $10.56 and a 200-day moving average of $8.44. ZAGG has a 12 month low of $5.15 and a 12 month high of $13.00.

ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. ZAGG had a negative net margin of 3.12% and a positive return on equity of 5.34%. The firm had revenue of $115.20 million during the quarter, compared to analyst estimates of $107.81 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts predict that ZAGG will post $0.85 EPS for the current year.

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of ZAGG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of ZAGG from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Friday, August 4th. Wunderlich reissued a “buy” rating and set a $10.00 target price on shares of ZAGG in a research report on Friday, June 9th. Northland Securities set a $10.00 target price on shares of ZAGG and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, Roth Capital set a $9.00 target price on shares of ZAGG and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $9.75.

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ZAGG Company Profile

ZAGG Inc (ZAGG) 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.

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