UBS Group Lowers Zebra Technologies (NASDAQ:ZBRA) Price Target to $410.00

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target lowered by UBS Group from $425.00 to $410.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company's stock.

ZBRA has been the topic of several other reports. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Truist Financial lowered their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC reduced their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $5.25 during mid-day trading on Wednesday, hitting $250.70. The company's stock had a trading volume of 426,372 shares, compared to its average volume of 440,566. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $263.52 and a 200-day moving average of $342.48. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 24.63 and a beta of 1.76.

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

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.84% of the company's stock.

Institutional Trading of Zebra Technologies

Institutional investors have recently made changes to their positions in the company. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC acquired a new position in Zebra Technologies during the fourth quarter worth about $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth $31,000. Finally, Avalon Trust Co acquired a new stake in Zebra Technologies in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

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.