Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $409.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by Truist Financial from $408.00 to $409.00 in a research note released on Thursday,Benzinga reports. The firm currently has a hold rating on the industrial products company’s stock.

ZBRA has been the subject of a number of other reports. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley increased their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $405.71 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $396.79 and a 200 day simple moving average of $365.40. Zebra Technologies has a fifty-two week low of $233.95 and a fifty-two week high of $413.43. The firm has a market cap of $20.93 billion, a P/E ratio of 55.20 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results 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. 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 analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. Sell-side analysts predict that Zebra Technologies will post 11.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the 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 completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in shares of Zebra Technologies by 1,087.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock valued at $516,000 after buying an additional 1,533 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Zebra Technologies by 17.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,700 shares of the industrial products company’s stock worth $1,143,000 after purchasing an additional 557 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after purchasing an additional 21,534 shares in the last quarter. One Capital Management LLC acquired a new stake in Zebra Technologies in the 2nd quarter valued at $261,000. Finally, Renaissance Technologies LLC bought a new stake in Zebra Technologies during the 2nd quarter valued at $782,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

About Zebra Technologies

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.