Needham & Company LLC Increases Zebra Technologies (NASDAQ:ZBRA) Price Target to $430.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective hoisted by research analysts at Needham & Company LLC from $394.00 to $430.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price suggests a potential upside of 12.57% from the stock’s current price.

Several other equities analysts also recently weighed in on ZBRA. Barclays boosted their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Truist Financial boosted their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Stephens boosted their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. TD Cowen boosted their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Down 0.5 %

Shares of ZBRA opened at $381.97 on Wednesday. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The business’s 50 day simple moving average is $358.62 and its 200-day simple moving average is $329.95. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 EPS. As a group, equities analysts expect that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth $247,000. Norden Group LLC purchased a new stake in shares of Zebra Technologies during the 1st quarter worth $2,108,000. SG Americas Securities LLC lifted its stake in shares of Zebra Technologies by 105.5% during the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after purchasing an additional 7,853 shares during the last quarter. 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 purchasing an additional 2,422 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Zebra Technologies by 23.0% during the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares during the last quarter. 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.