Goldman Sachs Group Inc. grew its holdings in ZAGG Inc (NASDAQ:ZAGG) by 294.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 126,038 shares of the specialty retailer’s stock after purchasing an additional 94,104 shares during the period. Goldman Sachs Group Inc. owned approximately 0.45% of ZAGG worth $2,326,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ZAGG. Bogle Investment Management L P DE raised its stake in shares of ZAGG by 41.7% in the fourth quarter. Bogle Investment Management L P DE now owns 591,683 shares of the specialty retailer’s stock worth $10,916,000 after purchasing an additional 174,230 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of ZAGG by 272.5% in the fourth quarter. Deutsche Bank AG now owns 560,372 shares of the specialty retailer’s stock valued at $10,337,000 after acquiring an additional 409,927 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of ZAGG by 345.6% in the fourth quarter. Renaissance Technologies LLC now owns 492,390 shares of the specialty retailer’s stock valued at $9,085,000 after acquiring an additional 381,890 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in ZAGG by 1,068.2% during the third quarter. Ameriprise Financial Inc. now owns 374,657 shares of the specialty retailer’s stock valued at $5,900,000 after purchasing an additional 342,585 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in ZAGG by 37.1% during the third quarter. Bank of New York Mellon Corp now owns 286,499 shares of the specialty retailer’s stock valued at $4,512,000 after purchasing an additional 77,577 shares during the period. Institutional investors own 80.40% of the company’s stock.
Several research firms have issued reports on ZAGG. Craig Hallum restated a “buy” rating and set a $19.00 target price (down previously from $24.00) on shares of ZAGG in a research report on Thursday, March 8th. ValuEngine downgraded ZAGG from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research restated a “hold” rating on shares of ZAGG in a research report on Saturday, February 10th. DA Davidson started coverage on ZAGG in a research note on Thursday, March 15th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, B. Riley cut ZAGG from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $16.00 in a research note on Thursday, March 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.57.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Wednesday, March 7th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $176.92 million for the quarter, compared to the consensus estimate of $167.15 million. ZAGG had a net margin of 2.91% and a return on equity of 24.90%. The company’s revenue was up 53.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. equities analysts expect that ZAGG Inc will post 1.31 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “ZAGG Inc (ZAGG) Shares Bought by Goldman Sachs Group Inc.” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://stocknewstimes.com/2018/04/23/goldman-sachs-group-inc-increases-holdings-in-zagg-inc-zagg.html.
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.
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.