Zebra Technologies Co. (NASDAQ:ZBRA) Sees Large Decrease in Short Interest

Zebra Technologies Co. (NASDAQ:ZBRA) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 687,000 shares, a decrease of 21.9% from the February 13th total of 879,100 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 513,900 shares, the short-interest ratio is presently 1.3 days.

Zebra Technologies Stock Up 2.3 %

Shares of NASDAQ:ZBRA opened at $285.27 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a 50-day moving average price of $351.67 and a 200 day moving average price of $368.97. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 28.02 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, equities research analysts predict that Zebra Technologies will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of analyst reports. Barclays cut their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Morgan Stanley cut their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Finally, UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Five 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $381.42.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

Institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in Zebra Technologies in the fourth quarter worth about $27,000. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter worth about $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies in the fourth quarter worth about $31,000. Finally, Avalon Trust Co bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $35,000. 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.