Zebra Technologies (NASDAQ:ZBRA) Hits New 1-Year High – Here’s Why

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $406.14 and last traded at $404.49, with a volume of 26309 shares trading hands. The stock had previously closed at $402.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZBRA shares. Morgan Stanley boosted their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Stephens lifted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Up 0.8 %

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 company has a market cap of $20.93 billion, a price-to-earnings ratio of 55.20 and a beta of 1.64. The firm’s fifty day simple moving average is $379.71 and its 200 day simple moving average is $343.47.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) 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 business posted $0.57 EPS. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. raised its position in 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 during the last quarter. Concord Wealth Partners purchased a new stake in Zebra Technologies in the 3rd quarter valued at $30,000. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies in the 2nd quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other 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.