Zagg Inc (ZAGG) is Reiterated by ROTH Capital to Neutral, Raises Price Target to $ 6

Zagg Inc (ZAGG) was Reiterated by ROTH Capital to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $5 . ROTH Capital advised their investors in a research report released on Jul 14, 2016.

Many Wall Street Analysts have commented on Zagg Inc. Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $13 .

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 $5.62 and hit $6.25 on the upside on Wednesday, eventually ending the session at $5.86, with a gain of 10.15% or 0.54 points. The heightened volatility saw the trading volume jump to 24,69,030 shares. Company has a market cap of $165 M.

In a different news, on May 20, 2016, E Todd Heiner (director) purchased 37,865 shares at $5.25 per share price. According to the SEC, on May 19, 2016, Bradley J Holiday (CFO) purchased 7,560 shares at $5.24 per share price. On Dec 3, 2015, Randall L Hales (President, CEO) sold 15,000 shares at $10.03 per share price, according to the Form-4 filing with the securities and exchange commission.

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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