Zebra Technologies Co. (NASDAQ:ZBRA) Sees Significant Drop in Short Interest

Zebra Technologies Co. (NASDAQ:ZBRA) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 511,800 shares, a decline of 17.2% from the October 15th total of 618,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 357,000 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ZBRA shares. Truist Financial reissued a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares during the last quarter. Barclays PLC grew its stake in shares of Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after acquiring an additional 2,617 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Zebra Technologies by 8.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company’s stock valued at $5,580,000 after acquiring an additional 1,180 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Zebra Technologies in the 3rd quarter worth about $2,323,000. Finally, MML Investors Services LLC boosted its stake in Zebra Technologies by 2.6% in the 3rd quarter. MML Investors Services LLC now owns 20,110 shares of the industrial products company’s stock worth $7,447,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.2 %

ZBRA stock opened at $385.91 on Friday. The company has a market capitalization of $19.91 billion, a PE ratio of 52.50 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies has a one year low of $212.40 and a one year high of $405.62. The company’s 50 day moving average price is $370.36 and its two-hundred day moving average price is $338.44.

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 analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 31.3% on a year-over-year basis. As a group, analysts predict that Zebra Technologies will post 12.4 earnings per share for the current fiscal 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.