Zebra Technologies (NASDAQ:ZBRA) PT Raised to $379.00

Zebra Technologies (NASDAQ:ZBRA) had its price target increased by research analysts at Truist Financial from $345.00 to $379.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective suggests a potential upside of 2.64% from the stock’s current price.

A number of other equities research analysts also recently commented on ZBRA. Vertical Research started coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Stephens raised their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird upped their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, TD Cowen lifted their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $352.73.

Zebra Technologies Trading Down 1.1 %

Shares of Zebra Technologies stock opened at $369.24 on Wednesday. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $375.88. The firm’s 50 day simple moving average is $345.89 and its two-hundred day simple moving average is $321.99. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 73.26 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $3.24 EPS. Analysts predict that Zebra Technologies will post 11.12 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently bought and sold shares of ZBRA. Norden Group LLC acquired a new position in shares of Zebra Technologies during the 1st quarter worth approximately $2,108,000. SG Americas Securities LLC boosted its stake in Zebra Technologies by 105.5% during the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after buying an additional 7,853 shares during the last quarter. Okabena Investment Services Inc. increased its stake in shares of Zebra Technologies by 6,195.6% in the 4th quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock worth $774,000 after acquiring an additional 2,788 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Zebra Technologies during the 1st quarter worth $1,272,000. Finally, Tidal Investments LLC boosted its position in shares of Zebra Technologies by 172.3% during the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 2,422 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.