Zebra Technologies (NASDAQ:ZBRA) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Zebra Technologies to “Hold” from “Strong Buy,” though the broader analyst consensus remains “Moderate Buy,” with nine Buy ratings and four Holds and an average price target of $385.
• Zebra shares rose 2.7% to $385.78, near their 52-week high, following strong quarterly results: adjusted EPS of $6.35 beat estimates by $1.99, while revenue increased 20.4% year over year to $1.56 billion.
• Several insiders sold shares, including transactions by Director Linda Connly and insider Michael Cho, while institutional investors collectively own approximately 91.03% of the company.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday, Zacks reports.

ZBRA has been the subject of a number of other reports. Truist Financial upped their price objective on Zebra Technologies from $355.00 to $378.00 and gave the stock a "hold" rating in a research note on Monday. Barclays raised their target price on Zebra Technologies from $346.00 to $410.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. TD Cowen upped their price target on shares of Zebra Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. KeyCorp increased their price objective on shares of Zebra Technologies from $305.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Citigroup lifted their price objective on shares of Zebra Technologies from $306.00 to $396.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $385.00.

Zebra Technologies Stock Up 2.7%

Shares of Zebra Technologies stock opened at $385.78 on Monday. The business has a 50-day moving average price of $357.18 and a 200 day moving average price of $280.61. Zebra Technologies has a fifty-two week low of $199.05 and a fifty-two week high of $390.80. The firm has a market cap of $18.38 billion, a P/E ratio of 35.30 and a beta of 1.58. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $6.35 EPS for the quarter, topping the consensus estimate of $4.36 by $1.99. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%.The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $3.61 EPS. The business's revenue was up 20.4% on a year-over-year basis. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. On average, sell-side analysts forecast that Zebra Technologies will post 17.22 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, Director Linda Connly sold 500 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $377.68, for a total value of $188,840.00. Following the completion of the sale, the director owned 3,708 shares of the company's stock, valued at $1,400,437.44. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Cho sold 3,500 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the transaction, the insider directly owned 5,170 shares in the company, valued at approximately $1,939,784. The trade was a 40.37% decrease in their position. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Zebra Technologies by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company's stock valued at $143,473,000 after purchasing an additional 185,387 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Zebra Technologies by 3.4% in the 1st quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company's stock worth $130,459,000 after buying an additional 20,567 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Zebra Technologies by 2,635.4% in the fourth quarter. Focus Partners Wealth now owns 543,473 shares of the industrial products company's stock valued at $132,575,000 after buying an additional 523,605 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zebra Technologies by 111.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock valued at $104,671,000 after buying an additional 264,015 shares during the period. Finally, Swedbank AB boosted its stake in Zebra Technologies by 958.0% during the first quarter. Swedbank AB now owns 417,898 shares of the industrial products company's stock valued at $87,374,000 after buying an additional 378,400 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation NASDAQ: ZBRA provides enterprise asset intelligence and automation solutions that help organizations identify, track, and manage physical assets, inventory, and business processes. Its offerings are designed to improve visibility, productivity, accuracy, and operational efficiency across workplaces and supply chains.

The company's portfolio includes barcode and RFID printers, labels, supplies, scanners, mobile computers, RFID readers, machine-vision systems, workflow software, and related services.

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