Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Down 21.9% in February

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 687,000 shares, a drop of 21.9% from the February 13th total of 879,100 shares. Based on an average daily volume of 513,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.4% of the shares of the company are sold short.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company's stock.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 111 Capital purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $735,000. Siemens Fonds Invest GmbH boosted its stake in shares of Zebra Technologies by 2,110.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company's stock valued at $4,652,000 after buying an additional 11,501 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $13,994,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $263,000. Finally, Polar Asset Management Partners Inc. lifted its stake in Zebra Technologies by 148.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 9,700 shares of the industrial products company's stock worth $3,746,000 after purchasing an additional 5,800 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley decreased their target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $381.42.

Zebra Technologies Trading Down 0.3 %

NASDAQ ZBRA traded down $0.82 during trading on Thursday, hitting $285.01. The stock had a trading volume of 495,338 shares, compared to its average volume of 385,780. The company has a market capitalization of $14.64 billion, a PE ratio of 28.00 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $347.18 and a 200 day moving average price of $367.95. Zebra Technologies has a twelve month low of $266.75 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities research analysts forecast that Zebra Technologies will post 13.71 earnings per share for the current year.

About Zebra Technologies

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.