Zagg Inc (NASDAQ:ZAGG).
Baird Financial Group, Inc. says it decreased its ownership in Zagg Inc by 3.5% in its quarterly SEC filing. Its investment was worth $12,575,000 an increase of 75.7% as of the end of the quarter.
These firms have modified their investment in ZAGG. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 81,542 shares trimming its position 3.5%. The value of the investment in (ZAGG) increased from $20,004,000 to $35,139,000 increasing 75.7% quarter to quarter. Lsv Asset Management bolstered its investment by buying 10,800 shares an increase of 2.8%. Lsv Asset Management controls 398,800 shares worth $6,281,000. The value of the position overall is up by 87.2%.
As of quarter end California State Teachers Retirement System had sold a total of 4,631 shares trimming its holdings by 9.6%. The value of the investment in ZAGG went from $417,000 to $686,000 a change of 64.5% since the last quarter.
Equity analyst B. Riley updated coverage of ZAGG and giving a rating of “Hold” and setting a price target of $17.00.
On October 19 Craig Hallum made no change to the stock rating of “Buy” targeting a price of $23.00. On October 17 analysts at Roth Capital updated guidance on ZAGG with a rating of “Hold” and price target of $17.00.
Equity analyst Northland Securities raised the price target on September 13 changing the price objective from $12.00 to $16.00 with a “Outperform” recommendation. Roth Capital released a research note on ZAGG stating a rating of “Hold” and projecting a price target of $9.00.
The company is up since yesterday’s close of 20.15. The P/E ratio is 213.20 and the market cap is 588.27M. In the last earnings report the EPS was $0.10 with 27.99M shares now outstanding.
Short traders are more bearish on shares of Zagg Inc of late if you take a look at the uptick in short interest. The stock recorded a rise in short interest of 11.59% as of October 13, 2017 from the last reporting period. Short shares grew 152,176 over that timeframe. The days to cover increased to 2.0 and the percentage of shorted shares is 0.05% as of October 13.