Headlines about Zagg (NASDAQ:ZAGG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zagg earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.8866887051808 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- InvisibleShield Announces Glass Curve Elite for the Samsung Galaxy S8, S8+ and Note8 – GlobeNewswire (press release) (globenewswire.com)
- InvisibleShield Introduces Glass+ Luxe 360 for the Apple iPhone 8, iPhone 8 Plus and iPhone X – GlobeNewswire (press release) (globenewswire.com)
- ZAGG Introduces the Rugged Book Wireless Keyboard & Detachable Case – GlobeNewswire (press release) (globenewswire.com)
Several brokerages recently commented on ZAGG. Zacks Investment Research upgraded shares of Zagg from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Saturday, January 6th. Craig Hallum set a $24.00 price objective on shares of Zagg and gave the stock a “buy” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Zagg from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Northland Securities restated a “buy” rating and set a $23.00 price objective on shares of Zagg in a report on Friday, December 1st. Finally, TheStreet upgraded shares of Zagg from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Zagg presently has a consensus rating of “Buy” and a consensus price target of $19.17.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $128.23 million. Zagg had a net margin of 0.63% and a return on equity of 6.59%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. analysts anticipate that Zagg will post 1 earnings per share for the current year.
In other news, CEO Randall L. Hales sold 19,829 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $19.85, for a total transaction of $393,605.65. Following the transaction, the chief executive officer now directly owns 713,380 shares in the company, valued at $14,160,593. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Randall L. Hales sold 50,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $19.16, for a total transaction of $958,019.16. Following the transaction, the chief executive officer now owns 713,380 shares in the company, valued at $13,668,360.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,830 shares of company stock worth $1,903,425. Company insiders own 4.20% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://stocknewstimes.com/2018/01/12/zagg-zagg-getting-somewhat-favorable-press-coverage-report-finds.html.
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.
Receive News & Ratings for Zagg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zagg and related companies with MarketBeat.com's FREE daily email newsletter.