Ardsley Advisory Partners LP Buys New Position in Zebra Technologies Corporation $ZBRA

Key Points

• Ardsley Advisory Partners LP has invested approximately $1.13 million in Zebra Technologies by acquiring 4,000 shares in the first quarter.
• Zebra Technologies reported a quarterly EPS of $3.61, exceeding analysts' expectations, and achieved revenue of $1.29 billion.
• The company has initiated a stock repurchase plan authorizing up to $250 million to buy back shares, indicating that the board believes the stock is undervalued.

Ardsley Advisory Partners LP bought a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,000 shares of the industrial products company's stock, valued at approximately $1,130,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Advisors Asset Management Inc. lifted its position in Zebra Technologies by 76.1% during the 1st quarter. Advisors Asset Management Inc. now owns 5,316 shares of the industrial products company's stock worth $1,502,000 after buying an additional 2,297 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $99,995,000. Amundi raised its position in shares of Zebra Technologies by 42.1% in the 1st quarter. Amundi now owns 122,582 shares of the industrial products company's stock valued at $34,637,000 after acquiring an additional 36,330 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Zebra Technologies by 50.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 124,911 shares of the industrial products company's stock worth $35,295,000 after purchasing an additional 41,700 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Zebra Technologies during the 1st quarter worth approximately $352,000. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ZBRA shares. Citigroup reissued a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Needham & Company LLC lifted their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird lifted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Price Performance

Shares of ZBRA stock traded up $2.55 on Friday, reaching $313.80. The company had a trading volume of 454,927 shares, compared to its average volume of 470,896. The stock has a market capitalization of $15.96 billion, a PE ratio of 29.63 and a beta of 1.78. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The business's 50-day moving average is $322.03 and its 200 day moving average is $292.53.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Zebra Technologies 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.