Zebra Technologies (NASDAQ:ZBRA) Sets New 12-Month Low on Analyst Downgrade

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price reached a new 52-week low during trading on Wednesday after Morgan Stanley lowered their price target on the stock from $390.00 to $232.00. Morgan Stanley currently has an equal weight rating on the stock. Zebra Technologies traded as low as $205.73 and last traded at $213.49, with a volume of 448503 shares changing hands. The stock had previously closed at $213.54.

Other research analysts have also issued reports about the company. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $359.73.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors have recently modified their holdings of the stock. Cascade Investment Advisors Inc. increased its holdings in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. lifted its holdings in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after buying an additional 30 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after buying an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 32 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Down 8.4 %

The firm has a 50 day moving average price of $296.56 and a 200-day moving average price of $357.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 21.94 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.