Randall L. Hales Sells 19,829 Shares of ZAGG Inc (ZAGG) Stock

ZAGG Inc (NASDAQ:ZAGG) CEO Randall L. Hales sold 19,829 shares of ZAGG stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $19.85, for a total value of $393,605.65. Following the completion of the sale, the chief executive officer now owns 713,380 shares of the company’s stock, valued at $14,160,593. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of ZAGG Inc (ZAGG) opened at $20.15 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 0.07. ZAGG Inc has a one year low of $5.90 and a one year high of $20.95. The company has a market capitalization of $555.31, a P/E ratio of 76.35, a price-to-earnings-growth ratio of 4.03 and a beta of 0.82.

ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings data 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. ZAGG had a return on equity of 6.59% and a net margin of 0.63%. The firm had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $128.23 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities research analysts expect that ZAGG Inc will post 0.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/11/15/randall-l-hales-sells-19829-shares-of-zagg-inc-zagg-stock.html.

ZAGG has been the subject of a number of research analyst reports. TheStreet upgraded ZAGG from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. B. Riley upgraded ZAGG from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $20.00 in a report on Thursday, November 2nd. Roth Capital set a $17.00 target price on ZAGG and gave the stock a “hold” rating in a report on Tuesday, October 17th. Northland Securities set a $10.00 target price on ZAGG and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded ZAGG from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.67.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in ZAGG by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,106,248 shares of the specialty retailer’s stock valued at $7,964,000 after acquiring an additional 66,284 shares during the period. Wasatch Advisors Inc. boosted its position in shares of ZAGG by 7.3% during the second quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock valued at $11,855,000 after buying an additional 93,551 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of ZAGG by 49.8% during the second quarter. Moors & Cabot Inc. now owns 119,900 shares of the specialty retailer’s stock valued at $1,040,000 after buying an additional 39,850 shares during the last quarter. Perkins Capital Management Inc. purchased a new position in shares of ZAGG during the second quarter valued at approximately $602,000. Finally, Numeric Investors LLC purchased a new position in shares of ZAGG during the second quarter valued at approximately $707,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZAGG Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply