Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Update

Zebra Technologies Co. (NASDAQ:ZBRA) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 879,100 shares, an increase of 35.3% from the January 31st total of 649,800 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 461,900 shares, the days-to-cover ratio is currently 1.9 days.

Zebra Technologies Stock Down 2.6 %

NASDAQ ZBRA opened at $306.84 on Tuesday. The stock has a fifty day moving average of $372.39 and a 200-day moving average of $373.10. The stock has a market capitalization of $15.77 billion, a P/E ratio of 30.14 and a beta of 1.63. Zebra Technologies has a 52 week low of $266.75 and a 52 week high of $427.76. 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 posted its quarterly 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 return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, equities research analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $27,000. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $31,000. Finally, Avalon Trust Co bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $35,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZBRA has been the topic of a number of research analyst reports. Truist Financial lowered their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Five 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

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.