Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $394.00 at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRA) had its price target boosted by analysts at Needham & Company LLC from $370.00 to $394.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target points to a potential upside of 13.18% from the stock’s previous close.

ZBRA has been the topic of several other reports. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. TD Cowen upped 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, May 1st. Stephens boosted their price target on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. Finally, Robert W. Baird lifted their price target on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $329.67.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $348.12 on Wednesday. The business has a 50 day moving average price of $315.09 and a 200 day moving average price of $293.91. The company has a market capitalization of $17.90 billion, a P/E ratio of 69.07 and a beta of 1.66. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $372.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.24 EPS. Sell-side analysts expect that Zebra Technologies will post 10.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

A number of large investors have recently bought and sold shares of ZBRA. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies during the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. Global Retirement Partners LLC grew its holdings in Zebra Technologies by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after buying an additional 82 shares in the last quarter. Finally, Webster Bank N. A. grew its holdings in Zebra Technologies by 792.9% in the 2nd quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after buying an additional 111 shares in the last quarter. 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.