Zebra Technologies (NASDAQ:ZBRA) Shares Gap Up - What's Next?

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $243.49, but opened at $262.11. Zebra Technologies shares last traded at $258.22, with a volume of 169,195 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ZBRA shares. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Citigroup lowered their price objective 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. Barclays reduced their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $343.36.

Zebra Technologies Stock Performance

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 company has a market cap of $13.37 billion, a PE ratio of 25.44 and a beta of 1.76. The firm's fifty day moving average is $268.32 and its 200 day moving average is $345.91.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the company'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 approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. lifted its holdings in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after acquiring an additional 55,130 shares during the last quarter. Invesco Ltd. grew its stake in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after acquiring an additional 86,766 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.