Zebra Technologies Corp. (ZBRA) Trading 5.8% Higher
Zebra Technologies Corp. (NASDAQ:ZBRA) shares traded 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. The stock had previously closed at $52.51.
Several brokerages have recently commented on ZBRA. Vetr raised Zebra Technologies Corp. from a “sell” rating to a “hold” rating and set a $58.03 price objective for the company in a research note on Wednesday. Credit Agricole SA began coverage on Zebra Technologies Corp. in a research note on Wednesday. They issued a “buy” rating and a $74.00 price objective for the company. Zacks Investment Research raised Zebra Technologies Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Imperial Capital reissued an “outperform” rating and issued a $65.00 price objective (down from $110.00) on shares of Zebra Technologies Corp. in a research note on Tuesday, July 12th. Finally, Northcoast Research downgraded Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.91.
The stock’s market capitalization is $2.98 billion. The firm’s 50-day moving average is $52.02 and its 200 day moving average is $58.65.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its earnings results on Tuesday, May 10th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.22 by $0.21. During the same quarter last year, the firm earned $1.39 EPS. The business had revenue of $847 million for the quarter, compared to the consensus estimate of $878.67 million. Zebra Technologies Corp.’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Corp. will post $5.23 EPS for the current year.
In other news, Director Frank Blaise Modruson bought 1,130 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were bought at an average cost of $48.88 per share, for a total transaction of $55,234.40. Following the acquisition, the director now directly owns 6,058 shares of the company’s stock, valued at approximately $296,115.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors have recently bought and sold shares of ZBRA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Zebra Technologies Corp. by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,105 shares of the company’s stock valued at $1,052,000 after buying an additional 72 shares during the last quarter. Gabelli Funds LLC increased its stake in Zebra Technologies Corp. by 6.1% in the fourth quarter. Gabelli Funds LLC now owns 17,500 shares of the company’s stock worth $1,219,000 after buying an additional 1,000 shares during the period. Alpine Woods Capital Investors LLC increased its stake 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 during the period. Mutual of America Capital Management LLC increased its stake in Zebra Technologies Corp. by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 34,897 shares of the company’s stock worth $2,431,000 after buying an additional 223 shares during the period. Finally, Airain ltd bought a new stake in Zebra Technologies Corp. during the fourth quarter worth about $3,735,000.
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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