Zebra Technologies Corp. (ZBRA) Shares Up 5.8%
Zebra Technologies Corp. (NASDAQ:ZBRA) shares shot up 5.8% during mid-day trading on Wednesday . The stock traded as high as $55.76 and last traded at $55.58, with a volume of 529,633 shares traded. The stock had previously closed at $52.51.
Several brokerages recently issued reports on ZBRA. Vetr downgraded shares of Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $63.50 price target on the stock. in a research report on Monday, June 20th. Goldman Sachs Group Inc. began 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 target on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Monday, June 6th. Credit Agricole SA started coverage on shares of Zebra Technologies Corp. in a research report on Wednesday. They set a “buy” rating and a $74.00 price target on the stock. Finally, Barrington Research cut their target price on shares of Zebra Technologies Corp. from $90.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Zebra Technologies Corp. has an average rating of “Hold” and a consensus target price of $80.19.
The firm’s 50 day moving average price is $51.99 and its 200 day moving average price is $58.68. The stock’s market cap is $2.92 billion.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.21. During the same quarter in the prior year, the firm earned $1.39 EPS. The company earned $847 million during the quarter, compared to the consensus estimate of $878.67 million. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts predict that Zebra Technologies Corp. will post $5.23 earnings per share for the current fiscal year.
In related news, Director Frank Blaise Modruson purchased 1,130 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $48.88 per share, for a total transaction of $55,234.40. Following the completion of the transaction, the director now owns 6,058 shares of the company’s stock, valued at $296,115.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds and institutional investors have added to or reduced their stakes in ZBRA. Marshall Wace LLP boosted its position in Zebra Technologies Corp. by 113.3% in the fourth quarter. Marshall Wace LLP now owns 66,303 shares of the company’s stock worth $4,618,000 after buying an additional 35,219 shares in the last quarter. Morgan Stanley boosted its position in Zebra Technologies Corp. by 792.0% in the fourth quarter. Morgan Stanley now owns 408,919 shares of the company’s stock worth $28,481,000 after buying an additional 363,075 shares in the last quarter. Airain ltd acquired a new position in Zebra Technologies Corp. during the fourth quarter worth about $3,735,000. Alpine Woods Capital Investors LLC boosted its position in Zebra Technologies Corp. by 53.8% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the company’s stock worth $1,393,000 after buying an additional 7,000 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Zebra Technologies Corp. during the fourth quarter worth about $31,403,000.
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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