ZAGG (ZAGG) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News coverage about ZAGG (NASDAQ:ZAGG) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ZAGG earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.2322576522638 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

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Several equities research analysts recently weighed in on the company. B. Riley cut ZAGG from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 8th. ValuEngine cut ZAGG from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of ZAGG in a research note on Saturday, February 10th. Craig Hallum reaffirmed a “buy” rating and issued a $19.00 price target (down from $24.00) on shares of ZAGG in a research note on Thursday, March 8th. Finally, BidaskClub cut ZAGG from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.57.

Shares of NASDAQ ZAGG traded up $0.35 during trading on Tuesday, reaching $12.55. The company had a trading volume of 272,203 shares, compared to its average volume of 570,257. ZAGG has a 12-month low of $6.55 and a 12-month high of $23.70. The stock has a market cap of $342.92, a P/E ratio of 12.94, a P/E/G ratio of 2.03 and a beta of 1.13.

ZAGG (NASDAQ:ZAGG) last released its earnings results on Wednesday, March 7th. The specialty retailer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). ZAGG had a return on equity of 24.90% and a net margin of 2.91%. The company had revenue of $176.92 million during the quarter, compared to analysts’ expectations of $167.15 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The company’s revenue was up 53.9% on a year-over-year basis. equities research analysts expect that ZAGG will post 1.33 earnings per share for the current year.

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ZAGG Company Profile

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

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