Notable Reporting: Zagg Inc Increases Again; Strong Momentum for Buyers

Notable Reporting: Zagg Inc Increases Again; Strong Momentum for Buyers

The stock of Zagg Inc (NASDAQ:ZAGG) is a huge mover today! About 245,454 shares traded hands. Zagg Inc (NASDAQ:ZAGG) has declined 31.85% since April 5, 2016 and is downtrending. It has underperformed by 33.80% the S&P500.
The move comes after 8 months positive chart setup for the $148.24 million company. It was reported on Nov, 7 by Barchart.com. We have $14.63 PT which if reached, will make NASDAQ:ZAGG worth $209.02M more.

Zagg Inc (NASDAQ:ZAGG) Ratings Coverage

Out of 3 analysts covering ZAGG (NASDAQ:ZAGG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. ZAGG has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock with “Buy” rating in Wednesday, May 11 report. The firm has “Hold” rating given on Thursday, August 27 by Craig Hallum. The rating was maintained by Wunderlich with “Buy” on Wednesday, November 2. The stock of Zagg Inc (NASDAQ:ZAGG) earned “Neutral” rating by TH Capital on Wednesday, August 5.

According to Zacks Investment Research, “ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG’s flagship brand, the invisibleSHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. The patent-pending invisibleSHIELD application is the first scratch protection solution of its kind on the market, and has sold over one million units. Currently, ZAGG offers over 2,500 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries.”

Insitutional Activity: The institutional sentiment decreased to 0.57 in Q2 2016. Its down 0.88, from 1.45 in 2016Q1. The ratio dived, as 40 funds sold all Zagg Inc shares owned while 47 reduced positions. 20 funds bought stakes while 30 increased positions. They now own 21.38 million shares or 19.75% less from 26.64 million shares in 2016Q1.
Thompson Siegel Walmsley Lc has invested 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). The New York-based Awm Inv Company has invested 0.14% in Zagg Inc (NASDAQ:ZAGG). Pnc Fincl Services Group Inc has 0% invested in the company for 152,919 shares. Stoneridge Invest Partners Llc has invested 0.03% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Seizert Prtn Lc owns 127,817 shares or 0.03% of their US portfolio. Blackrock Japan Ltd holds 0% or 2,479 shares in its portfolio. Moreover, Spark Inv Limited Company has 0.04% invested in Zagg Inc (NASDAQ:ZAGG) for 88,400 shares. Matarin Capital Mngmt Limited Liability Corporation accumulated 0% or 93,748 shares. Gsa Cap Prns Llp holds 0.14% of its portfolio in Zagg Inc (NASDAQ:ZAGG) for 480,519 shares. Northern Trust last reported 380,717 shares in the company. Qs Ltd Liability Company holds 127,419 shares or 0.01% of its portfolio. Allianz Asset Mngmt Ag reported 53,474 shares or 0% of all its holdings. Teachers Advsrs Incorporated has 0% invested in the company for 44,246 shares. Invesco, a Georgia-based fund reported 49,356 shares. State Street holds 380,207 shares or 0% of its portfolio.

Insider Transactions: Since May 19, 2016, the stock had 2 insider buys, and 0 insider sales for $238,405 net activity. HEINER E TODD had bought 37,865 shares worth $198,791 on Thursday, May 19. On Thursday, May 19 the insider HOLIDAY BRADLEY J bought $39,614.

Another recent and important Zagg Inc (NASDAQ:ZAGG) news was published by Streetinsider.com which published an article titled: “ZAGG, Inc. (ZAGG) Tops Q3 EPS by 15c” on November 01, 2016.

ZAGG Company Profile

ZAGG Inc (ZAGG), incorporated on April 2, 2004, 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. 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 Firm creates product solutions for users of mobile devices, and sells these products to clients through global distribution partners and online. The Firm offers products for various market divisions of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces.

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