Zebra Technologies (NASDAQ:ZBRA) Sets New 12-Month High – What’s Next?

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price hit a new 52-week high on Tuesday . The company traded as high as $405.00 and last traded at $404.40, with a volume of 13777 shares traded. The stock had previously closed at $403.16.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ZBRA shares. Morgan Stanley upped their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Stock Performance

The company has a market cap of $20.64 billion, a PE ratio of 54.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm’s 50 day moving average is $366.32 and its 200-day moving average is $337.00.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Large investors have recently made changes to their positions in the stock. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. raised its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.