Northcoast Research set a $200.00 price objective on Zebra Technologies (NASDAQ:ZBRA) in a research report sent to investors on Tuesday, August 7th. The firm currently has a buy rating on the industrial products company’s stock.
Other research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a buy rating on shares of Zebra Technologies in a report on Friday, July 6th. Morgan Stanley raised their target price on shares of Zebra Technologies from $125.00 to $135.00 and gave the stock an equal weight rating in a report on Wednesday, May 9th. TheStreet raised shares of Zebra Technologies from a c+ rating to a b rating in a report on Tuesday, May 8th. BidaskClub cut shares of Zebra Technologies from a buy rating to a hold rating in a report on Friday, June 22nd. Finally, Zacks Investment Research cut shares of Zebra Technologies from a strong-buy rating to a hold rating in a report on Monday, July 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Zebra Technologies has an average rating of Buy and a consensus price target of $164.00.
NASDAQ:ZBRA traded up $1.44 during mid-day trading on Tuesday, hitting $171.74. The stock had a trading volume of 172,800 shares, compared to its average volume of 390,633. The company has a market capitalization of $9.13 billion, a P/E ratio of 26.86 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 1.09. Zebra Technologies has a twelve month low of $99.59 and a twelve month high of $172.04.
In related news, SVP Hugh K. Gagnier sold 8,409 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total value of $1,420,196.01. Following the transaction, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at $2,479,642.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 24,916 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now owns 314,092 shares in the company, valued at approximately $51,244,109.80. The disclosure for this sale can be found here. Insiders sold 62,538 shares of company stock worth $10,262,505 over the last three months. 2.30% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Psagot Investment House Ltd. acquired a new stake in Zebra Technologies in the second quarter valued at approximately $129,000. Synovus Financial Corp acquired a new stake in Zebra Technologies in the second quarter valued at approximately $148,000. Optimum Investment Advisors acquired a new stake in Zebra Technologies in the first quarter valued at approximately $151,000. Moneta Group Investment Advisors LLC acquired a new stake in Zebra Technologies in the second quarter valued at approximately $158,000. Finally, Cerebellum GP LLC acquired a new stake in Zebra Technologies in the second quarter valued at approximately $172,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Zebra Technologies Company Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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