Exclusive: Zagg Inc Just Recorded A Sigfniciant Increase

Exclusive: Zagg Inc Just Recorded A Sigfniciant Increase

The stock of Zagg Inc (NASDAQ:ZAGG) is a huge mover today! About 139,786 shares traded hands. Zagg Inc (NASDAQ:ZAGG) has declined 16.04% since April 14, 2016 and is downtrending. It has underperformed by 20.73% the S&P500.
The move comes after 8 months positive chart setup for the $191.28M company. It was reported on Nov, 16 by Barchart.com. We have $13.39 PT which if reached, will make NASDAQ:ZAGG worth $179.80 million 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. TH Capital maintained it with “Neutral” rating and $8 target price in Wednesday, August 5 report. The stock has “Buy” rating given by Wunderlich on Wednesday, May 11. The company was upgraded on Thursday, August 27 by Craig Hallum. Wunderlich maintained the stock with “Buy” rating in Wednesday, November 2 report.

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 is negative, 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.
First Trust Advisors Lp last reported 20,128 shares in the company. Brandes Investment Partners Lp reported 12,193 shares or 0% of all its holdings. Fort Point Prtn Ltd Limited Liability Company accumulated 0.03% or 10,787 shares. Tudor Inv Et Al owns 94,870 shares or 0.01% of their US portfolio. Hawk Ridge Capital Mgmt Ltd Partnership has 386,000 shares for 1.22% of their US portfolio. Qs Ltd Com last reported 0.01% of its portfolio in the stock. Tieton Mngmt Limited Liability Company last reported 5.62% of its portfolio in the stock. Thompson Siegel & Walmsley Ltd Liability Corp holds 2,100 shares or 0% of its portfolio. Moreover, Clarivest Asset Management Ltd Liability Company has 0.02% invested in Zagg Inc (NASDAQ:ZAGG) for 122,010 shares. Alliancebernstein L P last reported 10,400 shares in the company. Bnp Paribas Arbitrage has invested 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Financial Bank Of New York Mellon has 0% invested in the company for 232,693 shares. Moreover, First Quadrant Lp Ca has 0% invested in Zagg Inc (NASDAQ:ZAGG) for 38,200 shares. D E Shaw Comm last reported 0% of its portfolio in the stock. Barclays Public accumulated 0% or 15,245 shares.

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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