Needham & Company LLC Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $395.00

Zebra Technologies (NASDAQ:ZBRA) had its target price decreased by stock analysts at Needham & Company LLC from $430.00 to $395.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 22.13% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Morgan Stanley boosted their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Barclays upped 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 note on Thursday, October 31st. TD Cowen raised their price objective on shares of 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 upped 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, Truist Financial increased their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $398.33.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $323.42 on Friday. 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’s fifty day moving average price is $393.93 and its 200-day moving average price is $373.98. The stock has a market cap of $16.68 billion, a PE ratio of 44.00 and a beta of 1.63. Zebra Technologies has a 12 month low of $248.27 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $3.62 earnings per share 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%. On average, equities analysts expect that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the period. State Street Corp boosted its position in shares of Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock valued at $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Geode Capital Management LLC grew its holdings in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after buying an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

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.