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

Zebra Technologies Co. (NASDAQ:ZBRA) was the recipient of a large decrease in short interest during the month of 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. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 513,900 shares, the days-to-cover ratio is currently 1.3 days.

Zebra Technologies Trading Up 2.7 %

NASDAQ:ZBRA opened at $278.97 on Monday. Zebra Technologies has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a market capitalization of $14.33 billion, a PE ratio of 27.40 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $353.87 and a 200-day simple moving average of $369.37.

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

Analyst Ratings Changes

Several brokerages recently issued reports on ZBRA. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Barclays dropped their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds have recently made changes to their positions in the business. Cascade Investment Advisors Inc. increased its holdings in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. boosted its position in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after buying an additional 27 shares during the period. KPP Advisory Services LLC grew its stake in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after acquiring an additional 30 shares during the period. Hedge funds and other 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.