Zebra Technologies (NASDAQ:ZBRA) Reaches New 52-Week High – What’s Next?

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $397.45 and last traded at $390.89, with a volume of 3074 shares trading hands. The stock had previously closed at $379.69.

Analyst Ratings Changes

ZBRA has been the topic of several recent analyst reports. Vertical Research assumed coverage on Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Truist Financial reaffirmed a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. UBS Group raised their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 51.66 and a beta of 1.64. The company’s fifty day simple moving average is $360.54 and its two-hundred day simple moving average is $332.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. Equities research analysts predict that Zebra Technologies Co. will post 12.26 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

Institutional Trading of Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. OneDigital Investment Advisors LLC increased its position in Zebra Technologies by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock worth $597,000 after buying an additional 76 shares during the period. Metis Global Partners LLC lifted its stake in shares of Zebra Technologies by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 31 shares during the last quarter. Huntington National Bank boosted its stake in shares of Zebra Technologies by 28.4% during the third quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 140 shares in the last quarter. Hartline Investment Corp increased its position in Zebra Technologies by 10.8% in the 3rd quarter. Hartline Investment Corp now owns 16,842 shares of the industrial products company’s stock valued at $6,237,000 after acquiring an additional 1,645 shares during the period. Finally, Meridian Management Co. lifted its holdings in Zebra Technologies by 2.5% during the 3rd quarter. Meridian Management Co. now owns 11,200 shares of the industrial products company’s stock worth $4,148,000 after buying an additional 270 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

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.