Somewhat Positive News Coverage Somewhat Unlikely to Affect ZAGG (ZAGG) Stock Price
Press coverage about ZAGG (NASDAQ:ZAGG) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ZAGG earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 45.448498577852 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Can ZAGG Stock Keep Going After Last Week's 20% Pop? (finance.yahoo.com)
- Tech Roundup: New iPhone Accessories Unveiled, Patents Granted (utahbusiness.com)
- ZAGG INC (NASDAQ:ZAGG) Files An 8-K Regulation FD Disclosure (4-traders.com)
- ZAGG INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Zagg Inc: Shares surge on new iPhone features (timesofindia.indiatimes.com)
Several equities research analysts have recently issued reports on the stock. Northland Securities increased their price objective on shares of ZAGG from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. 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 price objective for the company in a research report on Friday, August 4th. Roth Capital set a $9.00 price objective on shares of ZAGG and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Wunderlich reissued a “buy” rating and issued a $10.00 price objective on shares of ZAGG in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.25.
Shares of ZAGG (ZAGG) traded up 0.34% on Monday, hitting $14.70. 1,341,110 shares of the stock traded hands. The stock has a 50-day moving average price of $11.11 and a 200 day moving average price of $8.62. The stock’s market cap is $411.07 million. ZAGG has a 12-month low of $5.15 and a 12-month high of $14.95.
ZAGG (NASDAQ:ZAGG) last released its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $115.20 million for the quarter, compared to analyst estimates of $107.81 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that ZAGG will post $0.85 earnings per share for the current fiscal year.
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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