Zebra Technologies Co. (NASDAQ:ZBRA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $323.36.

ZBRA has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research note on Monday, April 8th. Truist Financial reiterated a “hold” rating and set a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. TD Cowen boosted their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Several institutional investors have recently added to or reduced their stakes in ZBRA. Kestra Advisory Services LLC raised its holdings in Zebra Technologies by 57.8% in the third quarter. Kestra Advisory Services LLC now owns 3,382 shares of the industrial products company’s stock valued at $800,000 after acquiring an additional 1,239 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $163,000. LPL Financial LLC grew its position in shares of Zebra Technologies by 11.9% during the 3rd quarter. LPL Financial LLC now owns 42,079 shares of the industrial products company’s stock valued at $9,953,000 after buying an additional 4,481 shares during the last quarter. Stifel Financial Corp raised its stake in Zebra Technologies by 1.3% during the third quarter. Stifel Financial Corp now owns 70,047 shares of the industrial products company’s stock worth $16,568,000 after acquiring an additional 878 shares during the period. Finally, Northern Trust Corp lifted its holdings in Zebra Technologies by 4.6% in the third quarter. Northern Trust Corp now owns 489,584 shares of the industrial products company’s stock worth $115,801,000 after acquiring an additional 21,562 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $300.01 on Friday. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $328.70. The firm has a 50 day moving average price of $305.60 and a 200 day moving average price of $282.09. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 59.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $3.59 earnings per share. Zebra Technologies’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts predict that Zebra Technologies will post 10.76 earnings per share for the current year.

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.