Zebra Technologies Co. (NASDAQ:ZBRA) Sees Large Decrease in Short Interest

Zebra Technologies Co. (NASDAQ:ZBRA) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 687,000 shares, a decrease of 21.9% from the February 13th total of 879,100 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 513,900 shares, the days-to-cover ratio is presently 1.3 days.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $282.58 on Wednesday. The stock has a market capitalization of $14.52 billion, a P/E ratio of 27.76 and a beta of 1.68. Zebra Technologies has a 1 year low of $266.75 and a 1 year high of $427.76. The business’s fifty day moving average is $349.40 and its two-hundred day moving average is $368.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Robert W. Baird reduced their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Finally, Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 135 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in Zebra Technologies by 59.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 415 shares during the last quarter. Entropy Technologies LP bought a new stake in Zebra Technologies during the third quarter worth approximately $357,000. Huntington National Bank grew its holdings in Zebra Technologies by 28.4% during the third quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 140 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 31 shares during the period. Institutional investors own 91.03% of the company’s stock.

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.