SG Americas Securities LLC acquired a new position in shares of Zagg Inc (NASDAQ:ZAGG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,845 shares of the specialty retailer’s stock, valued at approximately $108,000.
Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC grew its holdings in shares of Zagg by 18.2% during the 2nd quarter. Voya Investment Management LLC now owns 17,709 shares of the specialty retailer’s stock worth $153,000 after purchasing an additional 2,730 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Zagg during the 2nd quarter worth approximately $169,000. Fox Run Management L.L.C. acquired a new stake in shares of Zagg during the 4th quarter worth approximately $396,000. Jane Street Group LLC acquired a new stake in shares of Zagg during the 3rd quarter worth approximately $359,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Zagg during the 3rd quarter worth approximately $523,000. 81.10% of the stock is currently owned by institutional investors.
Shares of Zagg Inc (ZAGG) opened at $12.60 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.12 and a quick ratio of 0.68. The company has a market capitalization of $336.40, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.65 and a beta of 0.96. Zagg Inc has a one year low of $6.30 and a one year high of $23.70.
ZAGG has been the topic of several recent research reports. B. Riley set a $20.00 price objective on Zagg and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research raised Zagg from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, February 13th. Craig Hallum set a $24.00 price target on Zagg and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine raised Zagg from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Northland Securities reaffirmed a “buy” rating and issued a $23.00 price target on shares of Zagg in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.17.
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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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