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Zebra Technologies (NASDAQ:ZBRA) Hits New 12-Month Low at $262.52

Financial News Live · Oct 1, 2022 10:21

Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $262.52 and last traded at $263.14, with a volume of 6980 shares traded. The stock had previously closed at $271.35.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ZBRA shares. TheStreet lowered shares of Zebra Technologies from a "b-" rating to a "c+" rating in a report on Monday, June 27th. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $500.00 to $450.00 and set a "buy" rating for the company in a report on Wednesday, August 3rd. StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, June 9th. Stephens lowered their price target on shares of Zebra Technologies from $600.00 to $500.00 and set an "overweight" rating for the company in a report on Wednesday, August 3rd. Finally, UBS Group lowered their price target on shares of Zebra Technologies from $510.00 to $495.00 and set a "buy" rating for the company in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $453.33.

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Zebra Technologies Stock Down 1.3 %

The firm's 50 day moving average price is $310.98 and its two-hundred day moving average price is $337.54. The company has a market cap of $13.57 billion, a P/E ratio of 20.25 and a beta of 1.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56 and a current ratio of 0.85.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 EPS for the quarter, beating analysts' consensus estimates of $3.93 by $0.68. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. Zebra Technologies's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.17 EPS. Equities research analysts anticipate that Zebra Technologies Co. will post 16.89 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the business's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total transaction of $765,733.50. Following the completion of the sale, the insider now owns 1,976 shares in the company, valued at approximately $649,116. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds have recently bought and sold shares of the company. Baldwin Brothers LLC MA purchased a new position in Zebra Technologies during the 1st quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Zebra Technologies by 153.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the industrial products company's stock worth $8,780,000 after acquiring an additional 12,838 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Zebra Technologies by 23.5% in the 1st quarter. Quadrant Capital Group LLC now owns 200 shares of the industrial products company's stock worth $82,000 after buying an additional 38 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Zebra Technologies by 19.0% in the 1st quarter. Whittier Trust Co. now owns 332 shares of the industrial products company's stock worth $137,000 after buying an additional 53 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Zebra Technologies by 14.0% in the 1st quarter. Swiss National Bank now owns 231,479 shares of the industrial products company's stock worth $95,763,000 after buying an additional 28,400 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Zebra Technologies

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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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.