Zebra Technologies (NASDAQ:ZBRA) Shares Gap Down – Should You Sell?

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

A number of equities analysts recently commented on ZBRA shares. Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $401.25.

Zebra Technologies Trading Down 8.8 %

The firm has a 50-day moving average of $393.93 and a 200 day moving average of $373.98. The company has a market cap of $16.60 billion, a P/E ratio of 43.78 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.

Zebra Technologies (NASDAQ:ZBRA) last released its 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 net margin of 8.20% and a return on equity of 15.56%. On average, analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Concord Wealth Partners bought a new position in shares of Zebra Technologies in the 3rd quarter worth $30,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the 4th quarter valued at $31,000. Finally, Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter valued at $35,000. 91.03% of the stock is owned by 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.