Russell Investments Group Ltd. trimmed its stake in shares of ZAGG Inc (NASDAQ:ZAGG) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,684 shares of the specialty retailer’s stock after selling 1,880 shares during the period. Russell Investments Group Ltd. owned approximately 0.54% of ZAGG worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZAGG. Royce & Associates LP raised its holdings in shares of ZAGG by 64.6% during the first quarter. Royce & Associates LP now owns 401,900 shares of the specialty retailer’s stock valued at $2,894,000 after purchasing an additional 157,700 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of ZAGG by 28.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 608,701 shares of the specialty retailer’s stock valued at $4,383,000 after purchasing an additional 133,304 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of ZAGG by 134.5% during the first quarter. California Public Employees Retirement System now owns 197,900 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 113,500 shares during the last quarter. Teton Advisors Inc. purchased a new position in shares of ZAGG during the first quarter valued at approximately $638,000. Finally, Vanguard Group Inc. raised its holdings in shares of ZAGG by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,106,248 shares of the specialty retailer’s stock valued at $7,964,000 after purchasing an additional 66,284 shares during the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently weighed in on ZAGG shares. Zacks Investment Research raised shares of ZAGG from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Wednesday, July 19th. 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. Wunderlich restated a “buy” rating and set a $10.00 target price on shares of ZAGG in a research report on Friday, June 9th. 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. Finally, BidaskClub upgraded shares of ZAGG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.75.

Shares of ZAGG Inc (NASDAQ:ZAGG) traded down 1.61% during mid-day trading on Friday, reaching $12.25. 375,254 shares of the company traded hands. The firm’s market capitalization is $342.56 million. ZAGG Inc has a 52 week low of $5.15 and a 52 week high of $13.00. The firm has a 50-day moving average price of $10.47 and a 200 day moving average price of $8.38.

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

About ZAGG

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.

Institutional Ownership by Quarter for ZAGG (NASDAQ:ZAGG)

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