Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Down 17.2% in October

Zebra Technologies Co. (NASDAQ:ZBRA) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 511,800 shares, a decline of 17.2% from the October 15th total of 618,000 shares. Based on an average daily trading volume, of 357,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ZBRA shares. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Stephens lifted their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZBRA. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies in the 3rd quarter valued at $247,000. Tidal Investments LLC lifted its stake 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 worth $1,154,000 after buying an additional 2,422 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Zebra Technologies by 23.0% in the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after purchasing an additional 1,643 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after buying an additional 2,979 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Zebra Technologies by 7.2% in the first quarter. Sei Investments Co. now owns 38,713 shares of the industrial products company’s stock valued at $11,670,000 after acquiring an additional 2,606 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 2.2 %

Shares of NASDAQ:ZBRA opened at $385.91 on Friday. Zebra Technologies has a 52 week low of $212.40 and a 52 week high of $405.62. The company has a market capitalization of $19.91 billion, a PE ratio of 52.49 and a beta of 1.64. The company’s fifty day moving average is $369.06 and its 200-day moving average is $337.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $0.57 EPS. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. Equities research analysts predict that Zebra Technologies will post 12.4 earnings per share 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.