Ladenburg Thalmann Analysts Begin Coverage on ZAGG (ZAGG)
Wednesday, July 13, 2021 9:11 AM

Equities research analysts at Ladenburg Thalmann initiated coverage on shares of ZAGG (NASDAQ: ZAGG) in a research note to investors on Wednesday. The analysts set a "buy" rating and a $20.00 price target on the stock.

Separately, analysts at Zacks Investment Research upgraded shares of ZAGG from a "neutral" rating to an "outperform" rating in a research note to investors on Friday, July 1st. Also, analysts at Northland Securities raised their price target on shares of ZAGG from $18.00 to $20.00 in a research note to investors on Wednesday, June 22nd. They now have an "outperform" rating on the stock.

Shares of ZAGG opened at 13.16 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 $12.00 and its 200-day moving average is $9.41. The company has a market cap of $322.1 million and a price-to-earnings ratio of 25.96.

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 $0.17 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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