Zebra Technologies Corp. CEO Sells $789,500 in Stock (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) CEO Anders Gustafsson unloaded 10,000 shares of Zebra Technologies Corp. stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $78.95, for a total transaction of $789,500.00. Following the transaction, the chief executive officer now directly owns 221,375 shares of the company’s stock, valued at approximately $17,477,556. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 3.25% during mid-day trading on Friday, hitting $76.31. The stock had a trading volume of 813,354 shares. Zebra Technologies Corp. has a one year low of $42.51 and a one year high of $79.43. The stock’s 50-day moving average is $73.57 and its 200-day moving average is $63.53. The company has a market cap of $3.853 billion and a price-to-earnings ratio of 26.34.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings data on Tuesday, May 6th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that Zebra Technologies Corp. will post $3.59 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Northcoast Research downgraded shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, 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 Imperial Capital upgraded shares of Zebra Technologies Corp. from an “in-line” rating to an “outperform” rating in a research note on Wednesday, April 16th. They now have a $3.45 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.98.
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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