Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Update – MarketBeat
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Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,030,000 shares, a growth of 13.4% from the November 15th total of 908,400 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 465,200 shares, the days-to-cover ratio is presently 2.2 days.
Zebra Technologies Trading Up 2.0 %
Zebra Technologies stock opened at $263.27 on Wednesday. The stock has a 50-day moving average of $259.85 and a two-hundred day moving average of $291.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.90. Zebra Technologies has a one year low of $224.87 and a one year high of $609.32. The stock has a market cap of $13.59 billion, a PE ratio of 21.04 and a beta of 1.61.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The industrial products company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.20 by ($0.55). Zebra Technologies had a net margin of 8.15% and a return on equity of 30.41%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.48 billion. On average, research analysts anticipate that Zebra Technologies will post 15.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Zebra Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Zebra Technologies by 7.3% in the first quarter. BlackRock Inc. now owns 5,689,615 shares of the industrial products company’s stock valued at $2,353,794,000 after purchasing an additional 387,318 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Zebra Technologies by 982.5% in the third quarter. Macquarie Group Ltd. now owns 330,607 shares of the industrial products company’s stock valued at $86,622,000 after purchasing an additional 300,065 shares during the period. Connectus Wealth LLC acquired a new position in shares of Zebra Technologies in the second quarter valued at about $42,907,000. Brandywine Global Investment Management LLC acquired a new position in shares of Zebra Technologies in the third quarter valued at about $32,353,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Zebra Technologies by 60.1% in the second quarter. Lazard Asset Management LLC now owns 319,503 shares of the industrial products company’s stock valued at $93,917,000 after purchasing an additional 119,938 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on ZBRA shares. Credit Suisse Group started coverage on Zebra Technologies in a research report on Monday. They set an “outperform” rating and a $319.00 price target on the stock. UBS Group dropped their price target on Zebra Technologies from $485.00 to $445.00 in a research report on Thursday, November 3rd. Needham & Company LLC dropped their price target on Zebra Technologies from $450.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. Morgan Stanley increased their price target on Zebra Technologies from $225.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wolfe Research cut Zebra Technologies from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $379.14.
Zebra Technologies Company Profile
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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.
Read More
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