Ameriprise Financial Inc. lowered its position in shares of ZAGG Inc (NASDAQ:ZAGG) by 33.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,927 shares of the specialty retailer’s stock after selling 17,102 shares during the period. Ameriprise Financial Inc. owned approximately 0.12% of ZAGG worth $244,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of ZAGG during the fourth quarter worth $1,278,000. State Street Corp increased its stake in shares of ZAGG by 3.8% in the fourth quarter. State Street Corp now owns 397,744 shares of the specialty retailer’s stock worth $2,822,000 after buying an additional 14,538 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ZAGG by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,381,400 shares of the specialty retailer’s stock worth $16,908,000 after buying an additional 53,307 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of ZAGG during the fourth quarter worth $256,000. Finally, Strs Ohio increased its stake in shares of ZAGG by 587.9% in the first quarter. Strs Ohio now owns 22,700 shares of the specialty retailer’s stock worth $163,000 after buying an additional 19,400 shares in the last quarter. Institutional investors own 78.04% of the company’s stock.
Shares of ZAGG Inc (NASDAQ:ZAGG) opened at 10.30 on Friday. ZAGG Inc has a 1-year low of $5.15 and a 1-year high of $10.45. The company’s market capitalization is $288.03 million. The company’s 50-day moving average price is $8.83 and its 200-day moving average price is $7.69.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. ZAGG had a positive return on equity of 5.34% and a negative net margin of 3.12%. The firm had revenue of $115.20 million for the quarter, compared to analyst estimates of $107.81 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts expect that ZAGG Inc will post $0.85 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on ZAGG shares. Roth Capital set a $8.00 price target on shares of ZAGG and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Wunderlich cut their price target on shares of ZAGG from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, May 3rd. TheStreet upgraded shares of ZAGG from a “d+” rating to a “c-” rating in a research report on Friday, May 5th. Zacks Investment Research downgraded shares of ZAGG from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Northland Securities set a $10.00 target price on ZAGG and gave the stock a “buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $9.75.
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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