Zebra Technologies (NASDAQ:ZBRA) Research Coverage Started at Barclays

Barclays initiated coverage on shares of Zebra Technologies (NASDAQ:ZBRA - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $292.00 target price on the industrial products company's stock.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Truist Financial assumed coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $272.80.

Zebra Technologies Trading Down 1.5 %

Shares of ZBRA traded down $4.50 during trading hours on Tuesday, reaching $296.50. 461,033 shares of the company traded hands, compared to its average volume of 394,743. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 51.93 and a beta of 1.79. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $320.55. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The stock's fifty day moving average price is $274.10 and its 200 day moving average price is $248.21.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business's revenue was down 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.43 earnings per share. Sell-side analysts forecast that Zebra Technologies will post 9.76 earnings per share for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction dated 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 in the company, valued at $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of large investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. increased its holdings in shares of Zebra Technologies by 1,100.0% during the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 55 shares in the last quarter. Clear Street Markets LLC increased its holdings in shares of Zebra Technologies by 92.5% during the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 49 shares in the last quarter. Garner Asset Management Corp acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $33,000. First Horizon Advisors Inc. increased its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Zebra Technologies by 130.2% during the second quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 69 shares in the last quarter. 91.03% of the stock is currently 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.