Zagg Inc (ZAGG) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 10

Zagg Inc (ZAGG) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $13 . Wunderlich advised their investors in a research report released on May 11, 2016.

On the company’s financial health, Zagg Inc reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.12. The company had revenue of $62.40 million for the quarter, compared to analysts expectations of $71.07 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Zagg Inc opened for trading at $7.74 and hit $8.06 on the upside on Tuesday, eventually ending the session at $8.01, with a gain of 3.89% or 0.3 points. The heightened volatility saw the trading volume jump to 4,50,353 shares. Company has a market cap of $222 M.

In a different news, on Dec 3, 2015, Randall L Hales (President, CEO) sold 15,000 shares at $10.03 per share price.

Zagg Inc. (Zagg) designs produces and distributes product solutions. The Company offers screen protection keyboards for tablet computers and mobile devices keyboard cases earbuds mobile power solutions cables and cases under the ZAGG and InvisibleShield brands. 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. The Company designs product solutions for users of mobile devices and sells these products to consumers through global distribution partners and online. The Company offers products for market segments of handheld electronic devices including smartphones tablets MP3 players notebook computers laptops gaming devices Global Positioning System (GPS) devices watch faces and similar devices and surfaces.

Zagg Inc

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