Short Interest in Zebra Technologies Co. (NASDAQ:ZBRA) Decreases By 17.2%

Zebra Technologies Co. (NASDAQ:ZBRA) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 511,800 shares, a drop of 17.2% from the October 15th total of 618,000 shares. Based on an average daily volume of 357,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the company’s shares are sold short.

Zebra Technologies Stock Down 1.4 %

ZBRA stock opened at $394.66 on Friday. Zebra Technologies has a twelve month low of $212.40 and a twelve month high of $405.62. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $367.75 and its 200-day moving average is $337.45. The firm has a market capitalization of $20.36 billion, a PE ratio of 53.70 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Sell-side analysts expect that Zebra Technologies will post 12.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ZBRA. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC increased their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

A number of hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC lifted its holdings in Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after acquiring an additional 27 shares during the period. KPP Advisory Services LLC increased its position in Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after buying an additional 28 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 30 shares during the last quarter. Private Advisor Group LLC increased its position in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after buying an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after buying an additional 31 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

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.