Emerald Acquisition Ltd. acquired a new position in shares of Zagg Inc. (NASDAQ:ZAGG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 207,217 shares of the company’s stock, valued at approximately $1,087,000. Emerald Acquisition Ltd. owned approximately 0.74% of Zagg at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Strs Ohio boosted its position in shares of Zagg by 8.2% in the second quarter. Strs Ohio now owns 27,700 shares of the company’s stock valued at $145,000 after buying an additional 2,100 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of Zagg by 80.8% in the first quarter. Boothbay Fund Management LLC now owns 35,722 shares of the company’s stock valued at $322,000 after buying an additional 15,961 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Zagg by 33.9% in the first quarter. Glenmede Trust Co. NA now owns 43,417 shares of the company’s stock valued at $391,000 after buying an additional 10,983 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Zagg by 424.5% in the first quarter. A.R.T. Advisors LLC now owns 62,189 shares of the company’s stock valued at $560,000 after buying an additional 50,333 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Zagg during the first quarter valued at approximately $709,000. 77.75% of the stock is owned by institutional investors.
Zagg Inc. (NASDAQ:ZAGG) traded down 0.99% during midday trading on Friday, reaching $8.04. 142,374 shares of the company traded hands. Zagg Inc. has a 12 month low of $4.71 and a 12 month high of $12.74. The firm has a market capitalization of $226.11 million, a price-to-earnings ratio of 51.54 and a beta of 1.69. The firm’s 50 day moving average price is $7.61 and its 200 day moving average price is $6.94.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.14. The business had revenue of $99.80 million for the quarter, compared to the consensus estimate of $93.07 million. Zagg had a net margin of 1.42% and a return on equity of 8.43%. Zagg’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. On average, analysts expect that Zagg Inc. will post $0.45 earnings per share for the current year.
ZAGG has been the topic of several research analyst reports. Zacks Investment Research raised shares of Zagg from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Roth Capital increased their price target on shares of Zagg from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, July 14th.
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.
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