Zebra Technologies (NASDAQ:ZBRA) Reaches New 52-Week Low After Analyst Downgrade

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) reached a new 52-week low on Wednesday after Morgan Stanley lowered their price target on the stock from $390.00 to $232.00. Morgan Stanley currently has an equal weight rating on the stock. Zebra Technologies traded as low as $205.73 and last traded at $213.49, with a volume of 448503 shares trading hands. The stock had previously closed at $213.54.

A number of other analysts also recently weighed in on the stock. Robert W. Baird cut their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Citigroup initiated coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $359.73.

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Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company's stock.

Institutional Trading of Zebra Technologies

A number of large investors have recently added to or reduced their stakes in ZBRA. Patriot Financial Group Insurance Agency LLC lifted its stake in Zebra Technologies by 7.6% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,266 shares of the industrial products company's stock valued at $358,000 after purchasing an additional 89 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of Zebra Technologies by 6.4% in the first quarter. Thrive Wealth Management LLC now owns 1,054 shares of the industrial products company's stock valued at $298,000 after buying an additional 63 shares during the last quarter. Alpha Wealth Funds LLC acquired a new stake in shares of Zebra Technologies in the first quarter valued at approximately $876,000. Heritage Family Offices LLP boosted its stake in shares of Zebra Technologies by 21.2% during the 1st quarter. Heritage Family Offices LLP now owns 1,408 shares of the industrial products company's stock worth $398,000 after acquiring an additional 246 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of Zebra Technologies during the 1st quarter worth approximately $236,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Trading Up 1.2 %

The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $293.40 and a two-hundred day moving average of $356.39. The firm has a market cap of $11.72 billion, a P/E ratio of 22.41 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Analysts predict that Zebra Technologies Co. 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.