Zebra Technologies (NASDAQ:ZBRA) Hits New 1-Year High – Here’s Why

Zebra Technologies Co. (NASDAQ:ZBRA) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $414.88 and last traded at $414.43, with a volume of 80846 shares changing hands. The stock had previously closed at $405.71.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZBRA. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird raised their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a 50 day simple moving average of $397.56 and a 200-day simple moving average of $367.55. The stock has a market cap of $21.72 billion, a P/E ratio of 57.29 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 31.3% compared to the same quarter last year. On average, equities analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Concord Wealth Partners purchased a new position in Zebra Technologies during the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies during the 2nd quarter valued at about $27,000. Fortitude Family Office LLC increased its holdings in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. increased its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the period. Institutional investors own 91.03% of the company’s stock.

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.