Zebra Technologies (NASDAQ:ZBRA) Given Hold Rating at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a report issued on Wednesday, Benzinga reports. Truist Financial currently has a $383.00 price target on the industrial products company’s stock, up from their prior price target of $379.00.

Other equities analysts have also recently issued research reports about the stock. Stephens upped their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Vertical Research started coverage on Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. Finally, TD Cowen upped their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

Zebra Technologies Price Performance

Shares of ZBRA opened at $383.89 on Wednesday. The firm’s 50-day simple moving average is $357.82 and its two-hundred day simple moving average is $329.59. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $394.57. The stock has a market cap of $19.80 billion, a PE ratio of 86.66 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $3.24 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter worth approximately $247,000. Norden Group LLC bought a new position in Zebra Technologies in the 1st quarter worth $2,108,000. SG Americas Securities LLC boosted its holdings in Zebra Technologies by 105.5% in the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after buying an additional 7,853 shares during the period. Tidal Investments LLC increased its stake in Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after buying an additional 2,422 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after acquiring an additional 1,643 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Company Profile

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.