Zebra Technologies (NASDAQ:ZBRA) Given New $352.00 Price Target at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRA) had its target price increased by Needham & Company LLC from $320.00 to $352.00 in a report published on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird lifted their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. TD Cowen boosted their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research note on Wednesday. Truist Financial initiated coverage on Zebra Technologies in a research report on Thursday, March 14th. They set a hold rating and a $300.00 target price on the stock. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Finally, StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $310.64.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $309.05 on Wednesday. The company’s fifty day moving average price is $288.42 and its 200 day moving average price is $257.08. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a market capitalization of $15.88 billion, a P/E ratio of 61.32 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $3.59 EPS. Zebra Technologies’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Zebra Technologies by 210.3% in the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after buying an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Zebra Technologies during the 1st quarter valued at $36,000. Harvest Fund Management Co. Ltd acquired a new stake in Zebra Technologies during the 4th quarter valued at $44,000. Finally, Tortoise Investment Management LLC raised its stake in Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 100 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.