Short Interest in Zebra Technologies Co. (NASDAQ:ZBRA) Declines By 28.4% – MarketBeat
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Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 651,500 shares, a decrease of 28.4% from the July 31st total of 909,300 shares. Based on an average daily trading volume, of 406,200 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.3% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
ZBRA has been the topic of several research reports. UBS Group lowered their price target on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Stephens decreased their target price on shares of Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Finally, StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $453.33.
Zebra Technologies Stock Performance
Shares of ZBRA stock opened at $308.16 on Friday. The company’s fifty day simple moving average is $317.43 and its 200-day simple moving average is $359.83. Zebra Technologies has a 52 week low of $283.72 and a 52 week high of $615.00. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.80. The company has a market cap of $15.96 billion, a PE ratio of 23.81 and a beta of 1.64.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $4.17 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Zebra Technologies will post 17.23 EPS for the current year.
Zebra Technologies announced that its board has authorized a stock buyback program on Tuesday, May 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insiders Place Their Bets
In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $328.50, for a total transaction of $765,733.50. Following the transaction, the insider now directly owns 1,976 shares in the company, valued at $649,116. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Zebra Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Baldwin Brothers LLC MA bought a new stake in shares of Zebra Technologies in the 1st quarter worth about $41,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Zebra Technologies by 153.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the industrial products company’s stock valued at $8,780,000 after buying an additional 12,838 shares during the period. 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 valued at $82,000 after buying an additional 38 shares during the period. 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 valued at $137,000 after buying an additional 53 shares during the period. 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 valued at $95,763,000 after buying an additional 28,400 shares during the period. Institutional investors own 85.30% of the company’s stock.
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.
See Also
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