Baird Financial Group Inc. decreased its holdings in shares of Zagg Inc (NASDAQ:ZAGG) by 41.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,863 shares of the specialty retailer’s stock after selling 328,541 shares during the quarter. Baird Financial Group Inc.’s holdings in Zagg were worth $8,669,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Alliancebernstein L.P. purchased a new stake in shares of Zagg in the second quarter valued at $169,000. Teachers Advisors LLC raised its stake in shares of Zagg by 5.0% in the second quarter. Teachers Advisors LLC now owns 50,494 shares of the specialty retailer’s stock valued at $437,000 after acquiring an additional 2,401 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Zagg by 2.5% in the second quarter. TIAA CREF Investment Management LLC now owns 93,133 shares of the specialty retailer’s stock valued at $806,000 after acquiring an additional 2,261 shares during the period. Northern Trust Corp raised its stake in shares of Zagg by 5.6% in the second quarter. Northern Trust Corp now owns 408,422 shares of the specialty retailer’s stock valued at $3,533,000 after acquiring an additional 21,489 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Zagg by 7.0% in the second quarter. Vanguard Group Inc. now owns 1,183,161 shares of the specialty retailer’s stock valued at $10,235,000 after acquiring an additional 76,913 shares during the period. 77.35% of the stock is currently owned by institutional investors.
Zagg Inc (ZAGG) opened at $15.95 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 0.07. The company has a market cap of $432.22, a PE ratio of 59.42, a PEG ratio of 2.28 and a beta of 0.88. Zagg Inc has a 1-year low of $5.90 and a 1-year high of $23.70.
ZAGG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Zagg from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Sunday, January 21st. Northland Securities reissued a “buy” rating and issued a $23.00 target price on shares of Zagg in a research note on Friday, December 1st. TheStreet raised shares of Zagg from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. B. Riley upgraded shares of Zagg from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.00 to $20.00 in a report on Thursday, November 2nd. Finally, Craig Hallum set a $24.00 price target on shares of Zagg and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.67.
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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.
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