Zebra Technologies Corp. (NASDAQ:ZBRA) SVP Michael Cho sold 1,850 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the completion of the sale, the senior vice president now directly owns 11,004 shares of the company’s stock, valued at $754,434.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 68.95 on Wednesday. The firm’s 50-day moving average price is $68.27 and its 200 day moving average price is $60.30. The firm’s market cap is $3.64 billion. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $83.02.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.28. The company earned $879 million during the quarter, compared to the consensus estimate of $869.19 million. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. On average, equities analysts anticipate that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.
ZBRA has been the subject of several research reports. Credit Agricole SA initiated coverage on Zebra Technologies Corp. in a report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 target price for the company. Imperial Capital reissued an “outperform” rating and issued a $65.00 target price (down from $110.00) on shares of Zebra Technologies Corp. in a report on Tuesday, July 12th. Northcoast Research downgraded Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Vetr downgraded Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $63.50 target price for the company. in a report on Monday, June 20th. Finally, Zacks Investment Research raised Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Saturday, August 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.06.
A number of institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock worth $158,000 after buying an additional 1,312 shares during the period. Pacer Advisors Inc. purchased a new position in Zebra Technologies Corp. during the second quarter worth approximately $160,000. Cambridge Investment Research Advisors Inc. increased its position in Zebra Technologies Corp. by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the company’s stock worth $202,000 after buying an additional 30 shares during the period. King Luther Capital Management Corp purchased a new position in Zebra Technologies Corp. during the second quarter worth approximately $225,000. Finally, LaSalle Street Capital Management LLC increased its position in Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock worth $226,000 after buying an additional 152 shares during the period.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
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