Zebra Technologies (NASDAQ:ZBRA) Shares Gap Down – Here’s What Happened

Zebra Technologies Co. (NASDAQ:ZBRA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $352.92, but opened at $329.48. Zebra Technologies shares last traded at $327.72, with a volume of 298,289 shares changing hands.

Wall Street Analysts Forecast Growth

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. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Truist Financial dropped their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $386.00.

Zebra Technologies Trading Down 1.6 %

The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The business has a fifty day moving average of $392.30 and a two-hundred day moving average of $373.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, equities analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in Zebra Technologies in the 3rd quarter valued at approximately $247,000. Point72 DIFC Ltd purchased a new stake in Zebra Technologies in the 3rd quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI purchased a new stake in Zebra Technologies in the 4th quarter valued at approximately $643,000. Versor Investments LP purchased a new stake in Zebra Technologies in the 3rd quarter valued at approximately $1,752,000. Finally, Cerity Partners LLC lifted its stake in Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after buying an additional 3,328 shares in the last quarter. 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.