Zebra Technologies (NASDAQ:ZBRA) Hits New 52-Week High – What’s Next?

Zebra Technologies Co. (NASDAQ:ZBRA) shares reached a new 52-week high on Tuesday . The company traded as high as $394.57 and last traded at $391.45, with a volume of 115907 shares traded. The stock had previously closed at $363.58.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZBRA shares. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC raised their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $379.73.

Zebra Technologies Stock Performance

The business’s fifty day moving average is $357.82 and its two-hundred day moving average is $329.59. The stock has a market capitalization of $19.80 billion, a PE ratio of 86.66 and a beta of 1.66. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $3.24 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

Institutional investors have recently bought and sold shares of the stock. Cascade Investment Advisors Inc. raised its stake in shares of Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock valued at $1,625,000 after acquiring an additional 30 shares during the period. Private Advisor Group LLC raised its position in Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Zebra Technologies by 3.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company’s stock valued at $431,000 after buying an additional 35 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of Zebra Technologies by 4.3% during the third quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company’s stock valued at $311,000 after buying an additional 35 shares during the period. 91.03% of the stock is currently 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.