Needham & Company LLC Issues Positive Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its price target hoisted by Needham & Company LLC from $394.00 to $430.00 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.

Other analysts have also issued reports about the stock. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Truist Financial upped their price target on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. 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 upped their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Stephens raised their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Up 0.7 %

ZBRA opened at $384.64 on Wednesday. The company has a market cap of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.66. The business’s 50-day moving average price is $359.28 and its 200-day moving average price is $330.66. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12 month low of $198.19 and a 12 month high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities analysts expect that Zebra Technologies will post 11.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

A number of large investors have recently made changes to their positions in ZBRA. Concord Wealth Partners purchased a new stake in Zebra Technologies during the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies during the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. grew its holdings in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 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.