Zebra Technologies (NASDAQ:ZBRA) CAO Sells $303,604.00 in Stock
Zebra Technologies (NASDAQ:ZBRA) CAO Colleen M. O’sullivan sold 1,549 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the sale, the chief accounting officer now owns 4,664 shares in the company, valued at approximately $914,144. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ:ZBRA traded up $7.88 on Friday, hitting $205.16. 405,776 shares of the company’s stock were exchanged, compared to its average volume of 558,790. The firm’s 50-day moving average is $201.72 and its 200 day moving average is $202.58. The company has a market capitalization of $10.68 billion, a PE ratio of 20.05 and a beta of 1.65. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $237.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.32. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 EPS. On average, analysts anticipate that Zebra Technologies will post 12.1 EPS for the current fiscal year.
Several brokerages have weighed in on ZBRA. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Imperial Capital restated an “outperform” rating and set a $245.00 price target (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Zacks Investment Research cut Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Wellington Shields cut Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Atlantic Securities assumed coverage on Zebra Technologies in a research report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $226.00.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
Further Reading: The limitations of an equal weight rating
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