Needham & Company LLC Reiterates “Buy” Rating for Zebra Technologies (ZBRA)

Zebra Technologies (NASDAQ:ZBRA)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued on Friday.

A number of other analysts have also recently commented on the company. ValuEngine upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Monday, March 26th. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 30th. Robert W. Baird lifted their price target on Zebra Technologies from $146.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Finally, TheStreet upgraded Zebra Technologies from a “c+” rating to a “b” rating in a report on Tuesday, May 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $147.78.

Zebra Technologies opened at $148.25 on Friday, MarketBeat Ratings reports. The stock has a market cap of $7.92 billion, a P/E ratio of 23.16 and a beta of 1.50. Zebra Technologies has a 52 week low of $94.78 and a 52 week high of $161.72. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.13 and a quick ratio of 0.65.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, May 8th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.51. The firm had revenue of $977.00 million during the quarter, compared to analysts’ expectations of $935.85 million. Zebra Technologies had a return on equity of 47.70% and a net margin of 3.08%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. sell-side analysts forecast that Zebra Technologies will post 9.16 earnings per share for the current year.

In other news, SVP Michael H. Terzich sold 2,442 shares of Zebra Technologies stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $152.38, for a total value of $372,111.96. Following the transaction, the senior vice president now directly owns 34,355 shares of the company’s stock, valued at approximately $5,235,014.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jim L. Kaput sold 2,270 shares of Zebra Technologies stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $154.00, for a total value of $349,580.00. Following the completion of the transaction, the senior vice president now directly owns 23,267 shares in the company, valued at $3,583,118. The disclosure for this sale can be found here. Insiders sold a total of 31,067 shares of company stock worth $4,735,258 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its position in Zebra Technologies by 2.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 45,009 shares of the industrial products company’s stock worth $4,672,000 after acquiring an additional 1,089 shares in the last quarter. Amalgamated Bank raised its position in shares of Zebra Technologies by 5.6% in the 4th quarter. Amalgamated Bank now owns 11,008 shares of the industrial products company’s stock valued at $1,143,000 after purchasing an additional 579 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Zebra Technologies by 492.7% in the 4th quarter. Allianz Asset Management GmbH now owns 11,883 shares of the industrial products company’s stock valued at $1,233,000 after purchasing an additional 9,878 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 504,657 shares of the industrial products company’s stock valued at $52,382,000 after purchasing an additional 36,962 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $331,000. 88.30% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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