Insider Selling: Zebra Technologies (NASDAQ:ZBRA) CFO Sells 3,500 Shares of Stock
Zebra Technologies (NASDAQ:ZBRA) CFO Olivier Leonetti sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $195.00, for a total transaction of $682,500.00. Following the completion of the transaction, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at approximately $4,365,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
ZBRA stock traded down $1.06 on Thursday, hitting $192.57. 8,427 shares of the company were exchanged, compared to its average volume of 867,105. Zebra Technologies has a twelve month low of $136.16 and a twelve month high of $237.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.53.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $2.56 earnings per share. Zebra Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies will post 11.82 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on ZBRA shares. ValuEngine lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price target (up previously from $192.00) on shares of Zebra Technologies in a research report on Friday, February 15th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Berenberg Bank started coverage on shares of Zebra Technologies in a research report on Thursday, March 7th. They set a “buy” rating and a $250.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Zebra Technologies to an “overweight” rating and upped their price target for the stock from $212.00 to $225.00 in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Zebra Technologies has an average rating of “Buy” and a consensus price target of $211.63.
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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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