Zebra Technologies (NASDAQ:ZBRA) Shares Gap Down – Here’s What Happened

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) gapped down before the market opened on Thursday . The stock had previously closed at $352.92, but opened at $329.48. Zebra Technologies shares last traded at $327.72, with a volume of 298,289 shares traded.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several recent analyst reports. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays dropped their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday. TD Cowen lifted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC dropped their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.00.

Zebra Technologies Price Performance

The company has a market capitalization of $16.42 billion, a PE ratio of 43.31 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $392.30 and a 200-day simple moving average of $373.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Equities analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Institutional Trading of Zebra Technologies

A number of institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $247,000. Point72 DIFC Ltd purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $2,113,000. LVM Capital Management Ltd. MI purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at about $643,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $1,752,000. Finally, Cerity Partners LLC lifted its holdings in shares of Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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.