Analysts Set Zebra Technologies Co. (NASDAQ:ZBRA) PT at $393.82

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $398.55.

Several research analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird upped their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates raised its stake in Zebra Technologies by 2.5% in the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after buying an additional 4,750 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Zebra Technologies by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 23,776 shares of the industrial products company’s stock valued at $7,345,000 after purchasing an additional 123 shares during the last quarter. Capital Investment Services of America Inc. grew its holdings in Zebra Technologies by 2.3% during the 2nd quarter. Capital Investment Services of America Inc. now owns 60,402 shares of the industrial products company’s stock valued at $18,660,000 after buying an additional 1,366 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Zebra Technologies by 200.0% during the second quarter. First Horizon Advisors Inc. now owns 594 shares of the industrial products company’s stock worth $184,000 after buying an additional 396 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its position in Zebra Technologies by 1.3% during the second quarter. ZWJ Investment Counsel Inc. now owns 26,422 shares of the industrial products company’s stock worth $8,163,000 after buying an additional 349 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 2.0 %

NASDAQ ZBRA opened at $393.04 on Friday. The firm has a market capitalization of $20.27 billion, a PE ratio of 53.47 and a beta of 1.63. The business’s 50-day moving average price is $390.86 and its two-hundred day moving average price is $352.96. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12 month low of $233.95 and a 12 month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.57 EPS. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. On average, analysts expect that Zebra Technologies will post 12.4 EPS for the current year.

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.