Zebra Technologies Corp. Sees Large Growth in Short Interest (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) was the target of 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, AnalystRatings.NET reports. Based on an average daily trading volume, of 927,510 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.8% of the shares of the stock are short sold.
In other Zebra Technologies Corp. news, SVP Philip Gerskovich sold 29,786 shares of Zebra Technologies Corp. stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $73.96, for a total value of $2,202,972.56. Following the completion of the transaction, the senior vice president now directly owns 23,784 shares of the company’s stock, valued at approximately $1,759,065. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ZBRA shares. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $65.98.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 72.30 on Monday. 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 $69.42 and a 200-day moving average of $60.14. The company has a market cap of $3.650 billion and a price-to-earnings ratio of 24.17.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.50 earnings per share. Zebra Technologies Corp.’s revenue was up 21.7% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Corp. will post $3.53 earnings per share 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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