Zebra Technologies (NASDAQ:ZBRA) Hits New 1-Year Low – What’s Next?

Zebra Technologies Co. (NASDAQ:ZBRA) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $246.15 and last traded at $247.15, with a volume of 263954 shares. The stock had previously closed at $287.57.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Needham & Company LLC lowered 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. Robert W. Baird dropped their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial reduced their target price on 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 analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Down 6.3 %

The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 21.95 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 business’s 50-day moving average is $316.88 and its two-hundred day moving average is $363.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division increased its position in shares of Zebra Technologies by 19.3% during the first quarter. Central Pacific Bank Trust Division now owns 327 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 53 shares during the last quarter. Wellington Management Group LLP increased its holdings in Zebra Technologies by 222.4% in the 4th quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company’s stock valued at $4,304,000 after purchasing an additional 7,688 shares during the last quarter. 111 Capital acquired a new stake in Zebra Technologies in the 4th quarter valued at approximately $735,000. Siemens Fonds Invest GmbH raised its position in Zebra Technologies by 2,110.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company’s stock valued at $4,652,000 after purchasing an additional 11,501 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Zebra Technologies during the fourth quarter worth $13,994,000. 91.03% of the stock is owned by institutional investors and hedge funds.

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.