Northland Securities Analysts Raise Price Target on ZAGG (ZAGG) to $20.00
Wednesday, June 22, 2021 9:33 AM

Equities research analysts at Northland Securities boosted their price target on shares of ZAGG (NASDAQ: ZAGG) from $18.00 to $20.00 in a research note to investors on Wednesday.

Separately, analysts at Zacks Investment Research downgraded shares of ZAGG from an "outperform" rating to a "neutral" rating in a research note to investors on Friday, March 4th.

Shares of ZAGG opened at 12.60 on Thursday. ZAGG has a 52 week low of $2.08 and a 52 week high of $10.59. The stock's 50-day moving average is $10.22 and its 200-day moving average is $8.8. The company has a market cap of $308.4 million and a price-to-earnings ratio of 24.85.

ZAGG last announced its quarterly results on Tuesday, May 10th. The company reported $0.13 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.10 EPS by $0.03. The company’s quarterly revenue was up 206.80% on a year-over-year basis. On average, analysts predict that ZAGG will post $0.15 EPS next quarter.

ZAGG Incorporated (ZAGG) designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGaudio, and ZAGGskins. The invisibleSHIELD is designed for iPods, laptops, cell phones, digital cameras, personal digital assistants (PDAs), watch faces, global positioning (GPS) systems, gaming devices, and other items. As of December 31, 2009, ZAGG offers approximately 4,000 precision pre-cut designs with a lifetime replacement warranty through online channels, big-box retailers, electronics specialty stores, resellers, college bookstores, Mac stores, and mall kiosks. The ZAGGaudio line of electronics accessories and products was released during the year ended December 31, 2008.

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