Zebra Technologies Corp. SVP Unloads $714,051 in Stock (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) SVP Hugh K. Gagnier unloaded 9,334 shares of Zebra Technologies Corp. stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $76.50, for a total value of $714,051.00. Following the completion of the transaction, the senior vice president now directly owns 30,042 shares in the company, valued at approximately $2,298,213. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, June 13th. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.98.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 2.10% on Wednesday, hitting $78.91. 623,701 shares of the company’s stock traded hands. Zebra Technologies Corp. has a 52 week low of $42.51 and a 52 week high of $87.53. The stock’s 50-day moving average is $74.39 and its 200-day moving average is $64.1. The company has a market cap of $3.984 billion and a price-to-earnings ratio of 26.92.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings results 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. On average, analysts predict that Zebra Technologies Corp. will post $3.59 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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