Zebra Technologies (NASDAQ:ZBRA) Shares Gap Down – What’s Next?

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) gapped down before the market opened on Tuesday. The stock had previously closed at $361.13, but opened at $311.62. Zebra Technologies shares last traded at $320.4050, with a volume of 375,425 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ZBRA shares. Citigroup reiterated a “buy” rating on shares of Zebra Technologies in a report on Monday, October 12th. Zacks Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday. Wolfe Research reaffirmed an “outperform” rating and set a $317.00 price target on shares of Zebra Technologies in a research report on Thursday, July 9th. Finally, TD Cowen upped their price objective on Zebra Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $385.83.

Zebra Technologies Stock Performance

The company has a market cap of $15.70 billion, a P/E ratio of 30.02 and a beta of 1.61. The stock’s 50-day moving average price is $367.39 and its 200 day moving average price is $280.91. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $0.06. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.88 earnings per share. As a group, research analysts expect that Zebra Technologies Corporation will post 18.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, Director Linda Connly sold 500 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director directly owned 3,708 shares of the company’s stock, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Cho sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $375.20, for a total value of $1,313,200.00. Following the completion of the transaction, the insider directly owned 5,170 shares in the company, valued at $1,939,784. The trade was a 40.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Provenance Wealth Advisors LLC raised its position in Zebra Technologies by 7,450.0% in the third quarter. Provenance Wealth Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 149 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Zebra Technologies by 33.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 56 shares during the last quarter. Heritage Family Offices LLP bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at $71,000. Community Financial Services Group LLC grew its stake in Zebra Technologies by 57.0% during the third quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 81 shares during the period. Finally, Reyes Financial Architecture Inc. bought a new stake in Zebra Technologies in the third quarter worth approximately $93,000. Institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.