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.
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.
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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