BidaskClub cut shares of Zebra Technologies Corporation (NASDAQ:ZBRA) from a buy rating to a hold rating in a research note issued to investors on Monday, July 24th.
Several other research firms have also commented on ZBRA. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a buy rating to a hold rating in a research note on Tuesday, May 2nd. Needham & Company LLC began coverage on shares of Zebra Technologies Corporation in a research note on Tuesday, March 28th. They issued a buy rating and a $102.00 price target for the company. Morgan Stanley downgraded shares of Zebra Technologies Corporation from an overweight rating to an equal weight rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company cut shares of Zebra Technologies Corporation from an outperform rating to a market perform rating in a report on Wednesday, May 10th. Finally, ValuEngine raised shares of Zebra Technologies Corporation from a hold rating to a buy rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Zebra Technologies Corporation currently has an average rating of Hold and an average target price of $96.19.
Zebra Technologies Corporation (ZBRA) traded up 0.97% during mid-day trading on Monday, reaching $103.49. 365,068 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $100.86 and its 200 day moving average price is $95.16. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30. The firm’s market cap is $5.50 billion.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same period last year, the business earned $1.34 earnings per share. Zebra Technologies Corporation’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Corporation will post $6.61 EPS for the current year.
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In related news, Director Richard L. Keyser sold 6,132 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.26, for a total transaction of $651,586.32. Following the transaction, the director now directly owns 23,632 shares in the company, valued at $2,511,136.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Cho sold 1,572 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the transaction, the senior vice president now owns 10,426 shares in the company, valued at $1,123,505.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,881 shares of company stock valued at $1,954,954. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Zebra Technologies Corporation by 36.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,883 shares of the industrial products company’s stock worth $32,665,000 after buying an additional 102,007 shares during the period. FMR LLC raised its position in shares of Zebra Technologies Corporation by 267.4% in the fourth quarter. FMR LLC now owns 287,321 shares of the industrial products company’s stock worth $24,641,000 after buying an additional 209,121 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Zebra Technologies Corporation during the fourth quarter worth approximately $4,008,000. Two Sigma Investments LP acquired a new position in shares of Zebra Technologies Corporation during the fourth quarter worth approximately $257,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Zebra Technologies Corporation by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,000 shares of the industrial products company’s stock worth $772,000 after buying an additional 750 shares during the period. 94.49% of the stock is currently owned by institutional investors.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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