Zebra Technologies (NASDAQ:ZBRA) Hits New 12-Month Low - Time to Sell?

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $246.15 and last traded at $247.15, with a volume of 263954 shares changing hands. The stock had previously closed at $287.57.

Analysts Set New Price Targets

ZBRA has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. UBS Group dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Truist Financial cut their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Robert W. Baird lowered their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $357.83.

Zebra Technologies Stock Down 4.5 %

The firm's 50 day simple moving average is $313.36 and its 200-day simple moving average is $362.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 20.98 and a beta of 1.76.

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

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

A number of hedge funds have recently added to or reduced their stakes in ZBRA. Norges Bank acquired a new position in Zebra Technologies in the 4th quarter valued at $201,420,000. FMR LLC raised its holdings in Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group lifted its position in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after purchasing an additional 379,491 shares during the period. Raymond James Financial Inc. purchased a new stake in Zebra Technologies in the 4th quarter valued at approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after purchasing an additional 322,475 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

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.