Zebra Technologies (NASDAQ:ZBRA) Receives “Hold” Rating from Truist Financial

Zebra Technologies (NASDAQ:ZBRA)‘s stock had its “hold” rating reaffirmed by Truist Financial in a research note issued on Wednesday, Benzinga reports. They presently have a $383.00 price objective on the industrial products company’s stock, up from their previous price objective of $379.00. Truist Financial’s price target points to a potential upside of 0.27% from the stock’s previous close.

A number of other research firms also recently commented on ZBRA. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen increased their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Vertical Research initiated coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. UBS Group increased their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stephens boosted their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Down 0.5 %

NASDAQ ZBRA opened at $381.97 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $394.57. The firm’s fifty day simple moving average is $358.62 and its 200-day simple moving average is $329.95. The company has a market capitalization of $19.70 billion, a PE ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 EPS. As a group, sell-side analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies in the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. grew its position in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares during the last quarter. Concord Wealth Partners acquired a new stake in Zebra Technologies in the 3rd quarter worth $30,000. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies in the 2nd quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Zebra Technologies in the 1st quarter worth $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

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.