Zagg Inc Receives a Hold from B.Riley FBR


In a report released today, Jeff Van Sinderen from B.Riley FBR maintained a Hold rating on Zagg Inc (NASDAQ: ZAGG), with a price target of $17. The company’s shares closed yesterday at $14.90.

According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -1.3% and a 47.2% success rate. Sinderen covers the Services sector, focusing on stocks such as Tuesday Morning, Tilly’s Inc, and Kirkland’s.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zagg Inc with a $24 average price target.

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Based on Zagg Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.22 million. In comparison, last year the company had a net profit of $3.4 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zagg, Inc. engages in the design, production, and distribution of mobile tech accessories for smartphones and tablets. Its products include screen protection, power cases, power management, wireless charging, personal audio, mobile keyboards, and cases sold under the ZAGG, InvisibleShield, mophie, and IFROGZ brands.

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