Needham & Company LLC Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $394.00

Zebra Technologies (NASDAQ:ZBRA) had its price target boosted by Needham & Company LLC from $370.00 to $394.00 in a research report released on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on ZBRA. Stephens raised their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. Robert W. Baird raised their target price on Zebra Technologies from $312.00 to $330.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. StockNews.com raised shares of Zebra Technologies from a sell rating to a hold rating in a research note on Thursday, May 2nd. UBS Group boosted their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Finally, Vertical Research began coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a buy rating and a $375.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $349.64.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $322.30 on Wednesday. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $372.93. The company has a current ratio of 1.28, a quick ratio of 0.56 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65. The firm has a fifty day simple moving average of $315.85 and a 200-day simple moving average of $295.15.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $3.24 EPS. Equities research analysts anticipate that Zebra Technologies will post 10.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

Several institutional investors have recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of Zebra Technologies by 607.5% during the 4th quarter. DAVENPORT & Co LLC now owns 6,346 shares of the industrial products company’s stock valued at $1,746,000 after purchasing an additional 5,449 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Zebra Technologies by 53.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 1,835 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 642 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Zebra Technologies by 0.6% during the 4th quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock valued at $3,857,000 after acquiring an additional 79 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of Zebra Technologies by 0.4% in the 4th quarter. Boston Trust Walden Corp now owns 153,796 shares of the industrial products company’s stock valued at $42,037,000 after acquiring an additional 586 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Zebra Technologies by 22,943.7% in the 4th quarter. International Assets Investment Management LLC now owns 74,892 shares of the industrial products company’s stock worth $20,470,000 after purchasing an additional 74,567 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.