Zebra Technologies (NASDAQ:ZBRA) Now Covered by Analysts at Vertical Research

Vertical Research assumed coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $375.00 target price on the industrial products company’s stock.

Other analysts have also issued research reports about the company. Barclays initiated coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price for the company. Truist Financial reiterated a hold rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. UBS Group increased their price objective on Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a report on Wednesday, May 1st. TD Cowen increased their price objective on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC increased their price objective on Zebra Technologies from $352.00 to $370.00 and gave the company a buy rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of Moderate Buy and an average price target of $327.67.

Zebra Technologies Stock Up 0.5 %

Zebra Technologies stock opened at $325.98 on Tuesday. The business has a fifty day moving average of $314.26 and a two-hundred day moving average of $292.13. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.76 billion, a P/E ratio of 64.68 and a beta of 1.66. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. Zebra Technologies’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.59 earnings per share. On average, analysts forecast that Zebra Technologies will post 10.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. SG Americas Securities LLC grew its position in Zebra Technologies by 34.6% during the 4th quarter. SG Americas Securities LLC now owns 7,447 shares of the industrial products company’s stock worth $2,035,000 after purchasing an additional 1,914 shares during the period. HB Wealth Management LLC acquired a new stake in Zebra Technologies during the 4th quarter worth about $270,000. Raymond James & Associates grew its position in Zebra Technologies by 2.0% during the 4th quarter. Raymond James & Associates now owns 171,023 shares of the industrial products company’s stock worth $46,746,000 after purchasing an additional 3,304 shares during the period. Assenagon Asset Management S.A. grew its position in Zebra Technologies by 487.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after purchasing an additional 53,265 shares during the period. Finally, MJP Associates Inc. ADV grew its position in shares of Zebra Technologies by 7.5% during the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 64 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

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.