Zebra Technologies (NASDAQ:ZBRA) Shares Down 5.8% - Should You Sell?

Key Points

• Zebra Technologies shares fell by 5.8% during trading, closing at $321.65 after reaching a low of $320.66, with an unusually low trading volume of approximately 137,725 shares.
• Analysts have a consensus rating of "Moderate Buy" for Zebra Technologies, with price targets ranging from $254.00 to $410.00, indicating mixed views on the stock's future performance.
• The company reported $3.61 EPS for the last quarter, surpassing estimates, and has seen a revenue increase of 6.2% year-over-year, with a market cap of $15.67 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA - Get Free Report) shares were down 5.8% during trading on Tuesday . The stock traded as low as $320.66 and last traded at $321.65. Approximately 137,725 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 580,740 shares. The stock had previously closed at $341.36.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup restated a "neutral" rating and issued a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. UBS Group reduced their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a research report on Thursday, July 10th. Finally, Needham & Company LLC lifted their target price on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Trading Up 1.3%

The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 29.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.46. The firm has a fifty day moving average price of $312.03 and a 200-day moving average price of $302.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $3.18 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors have recently made changes to their positions in ZBRA. Acadian Asset Management LLC boosted its stake in Zebra Technologies by 126.8% during the second quarter. Acadian Asset Management LLC now owns 54,348 shares of the industrial products company's stock worth $16,756,000 after acquiring an additional 30,384 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Zebra Technologies by 10.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 98,881 shares of the industrial products company's stock worth $30,491,000 after purchasing an additional 9,093 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Zebra Technologies by 19.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 33 shares during the period. Aviva PLC increased its position in Zebra Technologies by 6.5% in the second quarter. Aviva PLC now owns 37,885 shares of the industrial products company's stock worth $11,682,000 after buying an additional 2,313 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Zebra Technologies by 57.0% in the second quarter. Los Angeles Capital Management LLC now owns 35,709 shares of the industrial products company's stock valued at $11,011,000 after buying an additional 12,965 shares during the period. 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.