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Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 2.9% during trading on Friday after an insider sold shares in the company, American Banking News.com reports. The company traded as low as $76.02 and last traded at $76.60, with a volume of 408,121 shares. The stock had previously closed at $78.87.

Specifically, CEO Anders Gustafsson sold 10,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $78.95, for a total value of $789,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.

ZBRA has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.98.

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 P/E ratio of 26.34.

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. Analysts expect that Zebra Technologies Corp. will post $3.59 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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