Zebra Technologies (NASDAQ:ZBRA) Sets New 12-Month High – Here’s What Happened

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $414.88 and last traded at $414.43, with a volume of 80846 shares trading hands. The stock had previously closed at $405.71.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. Truist Financial lifted their price objective on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Barclays upped 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. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Finally, Morgan Stanley boosted their price objective on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Up 3.1 %

The business has a fifty day moving average of $396.84 and a 200-day moving average of $366.42. The stock has a market cap of $21.57 billion, a PE ratio of 56.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

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, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on 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 of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies during the third quarter worth about $247,000. Point72 DIFC Ltd purchased a new position in shares of Zebra Technologies in the third quarter worth $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $643,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies during the third quarter valued at $1,752,000. Finally, Cerity Partners LLC increased its position in shares of Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares during the period. 91.03% of the stock is currently 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.