Zebra Technologies Co. (NASDAQ:ZBRA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $398.55.

Several research firms have recently weighed in on ZBRA. Truist Financial increased their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Barclays lifted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is owned by insiders.

Institutional Trading of Zebra Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC bought a new stake in Zebra Technologies in the 3rd quarter worth about $247,000. Point72 DIFC Ltd bought a new position in shares of Zebra Technologies in the third quarter valued at approximately $2,113,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies during the third quarter valued at approximately $1,752,000. Cerity Partners LLC increased its position in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Zebra Technologies by 1,087.2% during the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 1,533 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.2 %

Shares of ZBRA opened at $397.00 on Thursday. The stock’s 50-day moving average price is $395.46 and its two-hundred day moving average price is $360.84. Zebra Technologies has a 12 month low of $233.95 and a 12 month high of $413.43. The company has a market capitalization of $20.48 billion, a PE ratio of 54.01 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

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