Needham & Company LLC Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $352.00

Zebra Technologies (NASDAQ:ZBRA) had its price target upped by Needham & Company LLC from $320.00 to $352.00 in a research note issued to investors on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

ZBRA has been the subject of several other reports. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Robert W. Baird boosted their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. TD Cowen boosted their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Truist Financial began coverage on Zebra Technologies in a research note on Thursday, March 14th. They set a hold rating and a $300.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $310.64.

Zebra Technologies Price Performance

ZBRA stock opened at $309.59 on Wednesday. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $322.95. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $289.78 and a two-hundred day moving average of $258.13. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $3.59 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies will post 9.76 earnings per share for the current year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Czech National Bank lifted its stake in shares of Zebra Technologies by 0.5% during the 1st quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 41 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Zebra Technologies by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after buying an additional 55 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares during the period. Wahed Invest LLC increased its stake in shares of Zebra Technologies by 7.2% during the 4th quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 58 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in shares of Zebra Technologies by 7.5% during the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds 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.