Zebra Technologies (NASDAQ:ZBRA) Reaches New 52-Week High - Should You Buy?

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $394.57 and last traded at $391.45, with a volume of 115907 shares changing hands. The stock had previously closed at $363.58.

Analysts Set New Price Targets

ZBRA has been the subject of a number of research analyst reports. TD Cowen upped their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Vertical Research initiated coverage on Zebra Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 target price for the company. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Truist Financial increased their price target on Zebra Technologies from $345.00 to $379.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $367.00.

Zebra Technologies Stock Up 5.8 %

The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $19.84 billion, a PE ratio of 87.23 and a beta of 1.66. The stock has a 50-day moving average of $356.25 and a 200 day moving average of $328.53.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $3.24 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norden Group LLC bought a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $2,108,000. SG Americas Securities LLC grew its stake in shares of Zebra Technologies by 105.5% in the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company's stock worth $4,612,000 after buying an additional 7,853 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock worth $1,154,000 after buying an additional 2,422 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Zebra Technologies by 23.0% in the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company's stock worth $2,715,000 after buying an additional 1,643 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock worth $4,724,000 after buying an additional 2,979 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Company Profile

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.