Zebra Technologies (NASDAQ:ZBRA) Hits New 1-Year High – Here’s Why

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $406.14 and last traded at $404.49, with a volume of 26309 shares. The stock had previously closed at $402.45.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised 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 report on Thursday, October 31st. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial restated a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Trading Up 0.8 %

The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 55.20 and a beta of 1.64. The company’s 50-day moving average price is $379.71 and its 200-day moving average price is $343.47. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

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

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors have recently bought and sold shares of the company. Concord Wealth Partners purchased a new position in Zebra Technologies during the third quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. raised its stake in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new position in Zebra Technologies during the second quarter worth about $32,000. Finally, Blue Trust Inc. raised its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

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.