Zebra Technologies (NASDAQ:ZBRA) PT Raised to $370.00 at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target upped by Needham & Company LLC from $352.00 to $370.00 in a report issued on Thursday, Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company's stock.

ZBRA has been the subject of several other reports. TD Cowen lifted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a report on Wednesday, May 1st. UBS Group raised their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a sell rating to a hold rating in a report on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Finally, Truist Financial reissued a hold rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $312.27.

Zebra Technologies Trading Down 1.2 %

Shares of NASDAQ ZBRA traded down $4.01 on Thursday, reaching $319.86. 283,151 shares of the company traded hands, compared to its average volume of 379,885. The stock has a market capitalization of $16.45 billion, a PE ratio of 63.75 and a beta of 1.76. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $325.11. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $295.53 and a 200 day moving average of $264.77.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $3.59 earnings per share. The business's quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Zebra Technologies will post 10.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Colleen M. O'sullivan sold 135 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares of the company's stock, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Michael Cho sold 1,657 shares of the business's stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares of the company's stock, valued at approximately $1,220,822.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Colleen M. O'sullivan sold 135 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Victory Capital Management Inc. lifted its stake in Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company's stock valued at $264,270,000 after purchasing an additional 840,169 shares during the last quarter. Boston Partners increased its position in shares of Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company's stock valued at $276,222,000 after purchasing an additional 522,779 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock valued at $414,117,000 after buying an additional 425,207 shares in the last quarter. Norges Bank purchased a new stake in Zebra Technologies in the fourth quarter worth approximately $102,886,000. Finally, APG Asset Management US Inc. purchased a new position in shares of Zebra Technologies during the fourth quarter worth approximately $67,476,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Company 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.