Northland Securities Reaffirms Zagg Inc (NASDAQ:ZAGG) As a Buy; They Now Have a TP Of $16.0

January 13, 2018 - By Hazel Jackson

 Northland Securities Reaffirms Zagg Inc (NASDAQ:ZAGG) As a Buy; They Now Have a TP Of $16.0

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.13, from 1.14 in 2017Q2. It increased, 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.

Acadian Asset Lc invested in 38,397 shares. Pacific Ridge Capital Prtnrs Ltd Llc holds 404,561 shares or 1.81% of its portfolio. Schwab Charles Inv Management Inc has 42,121 shares. State Street holds 0% or 446,471 shares. Rhumbline Advisers has 29,791 shares. Cornerstone Cap Mgmt Ltd Llc owns 195,600 shares for 0.02% of their portfolio. Tiaa Cref Inv Limited Liability Corp invested in 124,616 shares or 0% of the stock. Clarivest Asset Ltd Liability holds 91,900 shares or 0.03% of its portfolio. Geode Cap Management Lc holds 0% of its portfolio in ZAGG Inc (NASDAQ:ZAGG) for 240,200 shares. Wellington Management Grp Llp stated it has 468,475 shares. Manufacturers Life Com The holds 0% or 21,925 shares in its portfolio. Cadence Cap Mngmt Ltd Company has 0.09% invested in ZAGG Inc (NASDAQ:ZAGG) for 90,533 shares. Bank & Trust Of Mellon reported 286,499 shares. Jane Street Gru Ltd Limited Liability Company accumulated 22,789 shares. Strs Ohio invested in 0% or 45,300 shares.

Zagg Inc (NASDAQ:ZAGG) Rating Reaffirmed

New York: In a research note published on 27 October, Northland Securities reaffirmed their Buy rating on Zagg Inc (NASDAQ:ZAGG) shares. They now have a $16.0 price target on the company. Northland Securities’s target would indicate a potential downside of -13.75 % from the company’s close price.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.13, from 1.14 in 2017Q2. It increased, 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.

Acadian Asset Lc invested in 38,397 shares. Pacific Ridge Capital Prtnrs Ltd Llc holds 404,561 shares or 1.81% of its portfolio. Schwab Charles Inv Management Inc has 42,121 shares. State Street holds 0% or 446,471 shares. Rhumbline Advisers has 29,791 shares. Cornerstone Cap Mgmt Ltd Llc owns 195,600 shares for 0.02% of their portfolio. Tiaa Cref Inv Limited Liability Corp invested in 124,616 shares or 0% of the stock. Clarivest Asset Ltd Liability holds 91,900 shares or 0.03% of its portfolio. Geode Cap Management Lc holds 0% of its portfolio in ZAGG Inc (NASDAQ:ZAGG) for 240,200 shares. Wellington Management Grp Llp stated it has 468,475 shares. Manufacturers Life Com The holds 0% or 21,925 shares in its portfolio. Cadence Cap Mngmt Ltd Company has 0.09% invested in ZAGG Inc (NASDAQ:ZAGG) for 90,533 shares. Bank & Trust Of Mellon reported 286,499 shares. Jane Street Gru Ltd Limited Liability Company accumulated 22,789 shares. Strs Ohio invested in 0% or 45,300 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 ZAGG Inc (NASDAQ:ZAGG) rating on Monday, September 11. Northland Capital has “Buy” rating and $12.0 target. Wunderlich maintained it with “Buy” rating and $8 target in Wednesday, November 2 report. The firm has “Buy” rating given on Wednesday, May 11 by Wunderlich. Northland Capital maintained the stock with “Buy” rating in Thursday, November 2 report. As per Wednesday, August 2, the company rating was maintained by Roth Capital. The stock of ZAGG Inc (NASDAQ:ZAGG) earned “Buy” rating by Craig Hallum on Wednesday, January 3. The firm has “Buy” rating given on Friday, October 27 by Northland Capital. Roth Capital maintained ZAGG Inc (NASDAQ:ZAGG) on Tuesday, October 17 with “Hold” rating. Wunderlich maintained the stock with “Buy” rating in Friday, June 9 report. The firm has “Buy” rating given on Tuesday, July 25 by Northland Capital.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.