Zebra Technologies Corp. (ZBRA) Trading Up 2.1%
Zebra Technologies Corp. (NASDAQ:ZBRA) shares were up 2.1% during trading on Tuesday . The stock traded as high as $70.13 and last traded at $70.13, with a volume of 502,854 shares. The stock had previously closed at $68.71.
Several research analysts have recently commented on ZBRA shares. Vetr upgraded Zebra Technologies Corp. from a “buy” rating to a “strong-buy” rating and set a $63.50 price target on the stock in a report on Monday, June 27th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a report on Monday, June 6th. Barrington Research reiterated an “outperform” rating and set a $75.00 price target on shares of Zebra Technologies Corp. in a report on Wednesday, August 10th. Imperial Capital reiterated an “outperform” rating and set a $65.00 price target (down previously from $110.00) on shares of Zebra Technologies Corp. in a report on Tuesday, July 12th. Finally, Zacks Investment Research upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.06.
The stock’s market capitalization is $3.70 billion. The firm’s 50-day moving average is $53.86 and its 200-day moving average is $59.07.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The firm earned $879 million during the quarter, compared to analyst estimates of $869.19 million. During the same period last year, the company posted $1.05 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts anticipate that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.
In related news, Director Frank Blaise Modruson acquired 1,130 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $48.88 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jim L. Kaput sold 5,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the sale, the senior vice president now directly owns 30,103 shares in the company, valued at approximately $1,951,577.49. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of ZBRA. Broadview Advisors LLC bought a new stake in Zebra Technologies Corp. during the fourth quarter worth approximately $6,206,000. Westfield Capital Management Co. LP bought a new stake in Zebra Technologies Corp. during the fourth quarter worth approximately $31,403,000. Airain ltd bought a new stake in Zebra Technologies Corp. during the fourth quarter worth approximately $3,735,000. Alpine Woods Capital Investors LLC raised 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 last quarter. Finally, Marshall Wace LLP raised its stake 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 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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