Zebra Technologies (NASDAQ:ZBRA) Reaches New 12-Month High – Still a Buy?

Zebra Technologies Co. (NASDAQ:ZBRA) hit a new 52-week high during trading on Tuesday . The company traded as high as $405.00 and last traded at $404.40, with a volume of 13777 shares trading hands. The stock had previously closed at $403.16.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZBRA shares. Stephens increased their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Truist Financial reaffirmed a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Morgan Stanley boosted their target price on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Down 0.6 %

The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $364.88 and a two-hundred day moving average of $336.26. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 54.85 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’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 transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of Zebra Technologies by 14.0% during the first quarter. Empowered Funds LLC now owns 1,172 shares of the industrial products company’s stock worth $353,000 after buying an additional 144 shares in the last quarter. Forsta AP Fonden boosted its position in Zebra Technologies by 9.7% in the first quarter. Forsta AP Fonden now owns 10,200 shares of the industrial products company’s stock valued at $3,075,000 after buying an additional 900 shares in the last quarter. Sei Investments Co. grew its stake in shares of Zebra Technologies by 7.2% during the first quarter. Sei Investments Co. now owns 38,713 shares of the industrial products company’s stock worth $11,670,000 after buying an additional 2,606 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Zebra Technologies by 12.4% in the 1st quarter. Bleakley Financial Group LLC now owns 3,247 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 357 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in shares of Zebra Technologies by 241.8% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,196 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 2,261 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

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.