Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its price target increased by equities researchers at Needham & Company LLC from $394.00 to $430.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 12.57% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays increased their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TD Cowen increased their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Trading Down 0.5 %

Zebra Technologies stock opened at $381.97 on Wednesday. The stock has a 50-day moving average of $358.62 and a two-hundred day moving average of $329.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies has a one year low of $194.59 and a one year high of $394.57. The stock has a market cap of $19.70 billion, a PE ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business posted $3.24 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Institutional Trading of Zebra Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Wealth Enhancement Advisory Services LLC grew its holdings in Zebra Technologies by 2.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock worth $1,975,000 after acquiring an additional 153 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Zebra Technologies by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock worth $22,719,000 after acquiring an additional 5,885 shares during the period. Norden Group LLC acquired a new stake in Zebra Technologies in the first quarter valued at approximately $2,108,000. Commonwealth Equity Services LLC grew its holdings in Zebra Technologies by 30.3% in the first quarter. Commonwealth Equity Services LLC now owns 8,891 shares of the industrial products company’s stock valued at $2,680,000 after purchasing an additional 2,069 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Zebra Technologies by 19.9% in the first quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 3,792 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

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.