Insider Selling: Zebra Technologies Corp. CEO Unloads 27,840 Shares of Stock (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) CEO Anders Gustafsson sold 27,840 shares of the company’s stock on the open market in a transaction dated Monday, May 12th. The stock was sold at an average price of $74.85, for a total transaction of $2,083,824.00. Following the completion of the transaction, the chief executive officer now directly owns 231,375 shares in the company, valued at approximately $17,318,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of Zebra Technologies Corp. from $73.00 to $85.50 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of Zebra Technologies Corp. in a research note on Monday, April 14th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.98.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.57% on Wednesday, hitting $73.83. The stock had a trading volume of 218,770 shares. Zebra Technologies Corp. has a 1-year low of $42.51 and a 1-year high of $75.32. The stock has a 50-day moving average of $69.16 and a 200-day moving average of $59.68. The company has a market cap of $3.728 billion and a price-to-earnings ratio of 24.52. Zebra Technologies Corp. also saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 855,955 shares, a growth of 69.9% from the April 15th total of 503,912 shares. Based on an average daily trading volume, of 927,510 shares, the short-interest ratio is presently 0.9 days. Approximately 1.8% of the company’s shares are short sold.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings data on Tuesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $288.30 million for the quarter, compared to the consensus estimate of $287.03 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts expect that Zebra Technologies Corp. will post $3.53 EPS for the current fiscal year.
Zebra Technologies Corporation (NASDAQ:ZBRA) designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance.
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