Zebra Technologies Co. (NASDAQ:ZBRA) Director Buys $155,500.00 in Stock

Zebra Technologies Co. (NASDAQ:ZBRA) Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $319.48 on Thursday. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The business has a 50-day simple moving average of $378.39 and a two-hundred day simple moving average of $373.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 31.38 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. 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 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Concord Wealth Partners purchased a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZBRA. Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial dropped their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

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.