Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $72.65.
A number of research firms have commented on ZBRA. Credit Agricole SA began coverage on Zebra Technologies Corp. in a research report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 target price on the stock. Vetr downgraded Zebra Technologies Corp. from a “hold” rating to a “sell” rating and set a $59.55 target price on the stock. in a research report on Tuesday, August 9th. Wellington Shields raised Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Saturday, August 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Zebra Technologies Corp. in a research note on Wednesday, August 10th.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 66.88 on Tuesday. Zebra Technologies Corp. has a 1-year low of $46.13 and a 1-year high of $81.00. The stock’s market capitalization is $3.53 billion. The firm has a 50-day moving average price of $66.86 and a 200-day moving average price of $60.51.
In other news, SVP Michael H. Terzich sold 8,819 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $68.07, for a total transaction of $600,309.33. Following the completion of the transaction, the senior vice president now directly owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael Cho sold 1,850 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total value of $126,836.00. Following the transaction, the senior vice president now directly owns 11,004 shares of the company’s stock, valued at $754,434.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its position in Zebra Technologies Corp. by 16.0% in the third quarter. Profund Advisors LLC now owns 7,397 shares of the company’s stock valued at $515,000 after buying an additional 1,022 shares in the last quarter. Pacer Advisors Inc. boosted its position in Zebra Technologies Corp. by 23.6% in the third quarter. Pacer Advisors Inc. now owns 3,957 shares of the company’s stock valued at $275,000 after buying an additional 755 shares in the last quarter. Principal Financial Group Inc. boosted its position in Zebra Technologies Corp. by 5.3% in the third quarter. Principal Financial Group Inc. now owns 198,036 shares of the company’s stock valued at $13,785,000 after buying an additional 10,000 shares in the last quarter. Snow Capital Management LP boosted its position in Zebra Technologies Corp. by 1,068.2% in the third quarter. Snow Capital Management LP now owns 608,979 shares of the company’s stock valued at $42,391,000 after buying an additional 556,849 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Zebra Technologies Corp. during the third quarter valued at about $1,616,000.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products.