Zebra Technologies Corp. (NASDAQ:ZBRA) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.00 and last traded at $47.42, with a volume of 500,947 shares traded. The stock had previously closed at $49.82.

Several research analysts have issued reports on the stock. Northcoast Research downgraded shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. started coverage on shares of Zebra Technologies Corp. in a research report on Wednesday, June 8th. They set a “neutral” rating and a $55.00 price objective on the stock. Barrington Research reduced their target price on shares of Zebra Technologies Corp. from $90.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, May 13th. Wellington Shields cut shares of Zebra Technologies Corp. from an “accumulate” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Vetr cut shares of Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $63.50 target price for the company. in a research note on Monday, June 20th. Four research 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.65.

The company’s market capitalization is $2.45 billion. The company’s 50 day moving average is $53.33 and its 200 day moving average is $60.55.

Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.21. The company had revenue of $847 million for the quarter, compared to analysts’ expectations of $878.67 million. Zebra Technologies Corp.’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. On average, equities analysts forecast that Zebra Technologies Corp. will post $5.24 EPS for the current fiscal year.

In other Zebra Technologies Corp. news, Director Frank Blaise Modruson bought 1,130 shares of the stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of $48.88 per share, for a total transaction of $55,234.40. Following the completion of the purchase, the director now directly owns 6,058 shares in the company, valued at $296,115.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds have added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in Zebra Technologies Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 66,946 shares of the company’s stock valued at $4,663,000 after buying an additional 906 shares during the last quarter. California State Teachers Retirement System raised its stake in Zebra Technologies Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 95,809 shares of the company’s stock valued at $6,673,000 after buying an additional 1,440 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Zebra Technologies Corp. by 7.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 18,443 shares of the company’s stock valued at $1,287,000 after buying an additional 1,232 shares during the last quarter. Swiss National Bank raised its stake in Zebra Technologies Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 68,546 shares of the company’s stock valued at $4,774,000 after buying an additional 400 shares during the last quarter. Finally, CI Global Investments Inc. raised its stake in Zebra Technologies Corp. by 103.2% in the fourth quarter. CI Global Investments Inc. now owns 463,700 shares of the company’s stock valued at $32,297,000 after buying an additional 235,550 shares during the last quarter.

Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.

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