Zebra Technologies (ZBRA) Short Interest Update

Zebra Technologies (NASDAQ:ZBRA) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,050,564 shares, an increase of 77.8% from the October 15th total of 590,825 shares. Based on an average trading volume of 445,633 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.0% of the company’s shares are short sold.

In other news, SVP Hugh K. Gagnier sold 8,409 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the completion of the transaction, the senior vice president now owns 14,682 shares of the company’s stock, valued at approximately $2,479,642.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael H. Terzich sold 3,097 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $162.16, for a total transaction of $502,209.52. Following the transaction, the senior vice president now directly owns 31,193 shares of the company’s stock, valued at approximately $5,058,256.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,835 shares of company stock valued at $8,892,693. Corporate insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Reilly Financial Advisors LLC acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $142,000. Psagot Investment House Ltd. acquired a new stake in Zebra Technologies during the 2nd quarter worth approximately $129,000. Synovus Financial Corp acquired a new stake in Zebra Technologies during the 2nd quarter worth approximately $148,000. Moneta Group Investment Advisors LLC acquired a new stake in Zebra Technologies during the 2nd quarter worth approximately $158,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Zebra Technologies during the 2nd quarter worth approximately $180,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Imperial Capital upped their price objective on shares of Zebra Technologies from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC upped their price objective on shares of Zebra Technologies to $192.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Zebra Technologies from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Zebra Technologies currently has a consensus rating of “Buy” and an average price target of $168.33.

ZBRA opened at $181.50 on Friday. The company has a market cap of $9.60 billion, a P/E ratio of 28.36 and a beta of 1.55. Zebra Technologies has a 1 year low of $101.49 and a 1 year high of $184.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 EPS. On average, analysts expect that Zebra Technologies will post 9.62 earnings per share for the current year.

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Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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