Insider Buying: Zebra Technologies Corp. SVP Purchases 2,600 Shares of Stock (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) SVP Philip Gerskovich bought 2,600 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were purchased at an average price of $78.16 per share, with a total value of $203,216.00. Following the completion of the purchase, the senior vice president now directly owns 12,084 shares of the company’s stock, valued at approximately $944,485. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ZBRA. Analysts at Imperial Capital downgraded shares of Zebra Technologies Corp. from an “outperform” rating to an “in-line” rating in a research note on Tuesday, July 8th. They now have a $85.00 price target 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, June 13th.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.14% on Tuesday, hitting $78.14. 491,209 shares of the company’s stock traded hands. Zebra Technologies Corp. has a 52-week low of $43.92 and a 52-week high of $87.53. The stock’s 50-day moving average is $78.92 and its 200-day moving average is $73.68. The company has a market cap of $3.967 billion and a P/E ratio of 26.60.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings data on Tuesday, August 5th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.02. The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $285.64 million. During the same quarter last year, the company posted $0.63 earnings per share. Zebra Technologies Corp.’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Corp. will post $3.60 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.