Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) Price Target at $321.73

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $321.73.

A number of brokerages have recently commented on ZBRA. Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group lowered their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial reduced their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Zebra Technologies by 7.2% during the 1st quarter. Empowered Funds LLC now owns 1,441 shares of the industrial products company's stock worth $407,000 after acquiring an additional 97 shares during the period. Logan Capital Management Inc. raised its holdings in Zebra Technologies by 6.0% in the first quarter. Logan Capital Management Inc. now owns 31,035 shares of the industrial products company's stock valued at $8,769,000 after buying an additional 1,757 shares during the period. MBB Public Markets I LLC purchased a new position in Zebra Technologies in the first quarter valued at approximately $313,000. United Services Automobile Association purchased a new position in Zebra Technologies in the first quarter valued at approximately $348,000. Finally, Aristeia Capital L.L.C. boosted its position in shares of Zebra Technologies by 50.2% in the first quarter. Aristeia Capital L.L.C. now owns 1,493 shares of the industrial products company's stock worth $422,000 after buying an additional 499 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $2.27 during mid-day trading on Wednesday, reaching $300.62. 410,024 shares of the stock were exchanged, compared to its average volume of 457,811. The business's 50 day moving average is $259.25 and its 200-day moving average is $336.60. Zebra Technologies has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a market capitalization of $15.29 billion, a P/E ratio of 29.53 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. On average, equities research analysts forecast that Zebra Technologies will post 13.71 EPS for the current fiscal year.

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.