Analysts Set Zebra Technologies Co. (NASDAQ:ZBRA) Price Target at $381.42

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $381.42.

ZBRA has been the subject of a number of recent analyst reports. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC dropped their price objective 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. Robert W. Baird dropped their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zebra Technologies

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in Zebra Technologies by 222.4% during the 4th quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company’s stock valued at $4,304,000 after buying an additional 7,688 shares in the last quarter. 111 Capital bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $735,000. Siemens Fonds Invest GmbH grew its stake in Zebra Technologies by 2,110.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company’s stock valued at $4,652,000 after acquiring an additional 11,501 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Zebra Technologies during the 4th quarter worth approximately $13,994,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $263,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $285.14 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a fifty day moving average price of $334.68 and a two-hundred day moving average price of $365.97. The company has a market cap of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Research analysts expect that Zebra Technologies will post 13.71 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.