Northland Securities Reiterated Zagg Inc (NASDAQ:ZAGG) As a “Buy”; They Now Have a PT Of $16.0

January 13, 2018 - By Richard Conner

 Northland Securities Reiterated Zagg Inc (NASDAQ:ZAGG) As a

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.13, from 1.14 in 2017Q2. It improved, as 13 investors sold ZAGG Inc shares while 35 reduced holdings. 30 funds opened positions while 31 raised stakes. 21.90 million shares or 0.15% more from 21.87 million shares in 2017Q2 were reported.

D E Shaw & holds 0% or 177,515 shares. California Pub Employees Retirement Systems accumulated 125,699 shares. Voya Mgmt Limited Liability Corporation owns 14,811 shares or 0% of their US portfolio. Mackenzie Financial Corp invested in 0.02% or 290,594 shares. Cornerstone Capital Lc reported 195,600 shares. Royal Bancorporation Of Canada reported 3.39M shares stake. Thompson Siegel Walmsley Ltd reported 2,100 shares. State Street Corporation reported 446,471 shares. Renaissance Technologies Ltd Liability owns 110,500 shares for 0% of their portfolio. Seizert Capital Partners Limited Liability Com has 244,608 shares for 0.14% of their portfolio. Ancora Advisors Ltd Limited Liability Company reported 0.03% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Minnesota-based Ameriprise has invested 0% in ZAGG Inc (NASDAQ:ZAGG). Bnp Paribas Arbitrage Sa holds 2,962 shares. Amer Century Cos owns 96,557 shares. Geode Mngmt Limited Liability owns 240,200 shares.

Zagg Inc (NASDAQ:ZAGG) Rating Reaffirmed

Recently, In a research report shared with investors on Friday, 27 October, Zagg Inc (NASDAQ:ZAGG) shares have had their “Buy” Rating kept by professional analysts at Northland Securities, who currently has a $16.0 PT on firm. This target by Northland Securities would indicate the possibile downside of -13.75 % from the close price.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.13, from 1.14 in 2017Q2. It improved, as 13 investors sold ZAGG Inc shares while 35 reduced holdings. 30 funds opened positions while 31 raised stakes. 21.90 million shares or 0.15% more from 21.87 million shares in 2017Q2 were reported.

D E Shaw & holds 0% or 177,515 shares. California Pub Employees Retirement Systems accumulated 125,699 shares. Voya Mgmt Limited Liability Corporation owns 14,811 shares or 0% of their US portfolio. Mackenzie Financial Corp invested in 0.02% or 290,594 shares. Cornerstone Capital Lc reported 195,600 shares. Royal Bancorporation Of Canada reported 3.39M shares stake. Thompson Siegel Walmsley Ltd reported 2,100 shares. State Street Corporation reported 446,471 shares. Renaissance Technologies Ltd Liability owns 110,500 shares for 0% of their portfolio. Seizert Capital Partners Limited Liability Com has 244,608 shares for 0.14% of their portfolio. Ancora Advisors Ltd Limited Liability Company reported 0.03% of its portfolio in ZAGG Inc (NASDAQ:ZAGG). Minnesota-based Ameriprise has invested 0% in ZAGG Inc (NASDAQ:ZAGG). Bnp Paribas Arbitrage Sa holds 2,962 shares. Amer Century Cos owns 96,557 shares. Geode Mngmt Limited Liability owns 240,200 shares.

ZAGG Inc (NASDAQ:ZAGG) Ratings Coverage

Among 6 analysts covering ZAGG (NASDAQ:ZAGG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. ZAGG has $24.0 highest and $8 lowest target. $16.50’s average target is -11.05% below currents $18.55 stock price. ZAGG had 17 analyst reports since August 5, 2015 according to SRatingsIntel. Northland Capital maintained the stock with “Buy” rating in Friday, December 1 report. Roth Capital maintained it with “Hold” rating and $17.0 target in Tuesday, October 17 report. The firm earned “Buy” rating on Wednesday, January 3 by Craig Hallum. The firm has “Neutral” rating given on Wednesday, August 5 by TH Capital. The stock of ZAGG Inc (NASDAQ:ZAGG) has “Buy” rating given on Thursday, November 2 by Northland Capital. On Monday, September 11 the stock rating was maintained by Northland Capital with “Buy”. Craig Hallum upgraded the shares of ZAGG in report on Thursday, August 27 to “Hold” rating. The stock of ZAGG Inc (NASDAQ:ZAGG) earned “Buy” rating by Wunderlich on Wednesday, May 11. As per Wednesday, November 2, the company rating was maintained by Wunderlich. The stock of ZAGG Inc (NASDAQ:ZAGG) earned “Buy” rating by Northland Capital on Friday, October 27.

The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.55. About 512,784 shares traded. ZAGG Inc (NASDAQ:ZAGG) has risen 54.72% since January 13, 2017 and is uptrending. It has outperformed by 38.02% the S&P500.

Analysts await ZAGG Inc (NASDAQ:ZAGG) to report earnings on March, 6. They expect $0.75 EPS, up 1,037.50 % or $0.83 from last year’s $-0.08 per share. ZAGG’s profit will be $20.98M for 6.18 P/E if the $0.75 EPS becomes a reality. After $0.34 actual EPS reported by ZAGG Inc for the previous quarter, Wall Street now forecasts 120.59 % EPS growth.

ZAGG Inc, together with its subsidiaries, designs, makes, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company has market cap of $518.94 million. The firm operates through ZAGG and mophie divisions. It has a 183.66 P/E ratio. It 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; earbuds, headphones, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

More recent ZAGG Inc (NASDAQ:ZAGG) news were published by: Seekingalpha.com which released: “ZAGG: Small-Cap Growth At A Good Price” on December 16, 2017. Also Globenewswire.com published the news titled: “InvisibleShield Introduces Glass+ Luxe 360 for the Apple iPhone 8, iPhone 8 …” on January 08, 2018. Globenewswire.com‘s news article titled: “ZAGG Introduces the Rugged Book Wireless Keyboard & Detachable Case” with publication date: January 08, 2018 was also an interesting one.

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