Zebra Technologies (NASDAQ:ZBRA) Rating Reaffirmed
Imperial Capital now has a $110.00 target PPS on the $3.97 billion market cap company or 45.68% upside potential. In an interesting research report made public on Wednesday, 9 December, Zebra Technologies (NASDAQ:ZBRA) shares have had their “Outperform” Rating maintained by stock analysts at Imperial Capital.
From a total of 8 analysts covering Zebra Tech (NASDAQ:ZBRA) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 90% of the ratings are positive. The highest target price is $127 while the lowest target price is $91. The mean of all analyst targets is $109.38 with a 44.58% above today’s ($75.51) stock price. Zebra Tech was the topic of 7 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Imperial Capital upgraded shares on September 1 to “Outperform” rating. Morgan Stanley initiated ZBRA stock in a recent report from August 24 with “Overweight” rating.
The stock decreased 0.84% or $0.64 during the last trading session, striking $75.51. Approximately shares of stock traded hands. Zebra Technologies Corp. (NASDAQ:ZBRA) has declined 15.80% since May 6, 2015 and is downtrending. It has underperformed by 15.00% the S&P500.
The overall sentiment of institutions has increased to 1.1 in Q2 2015. Its up 0.07, from 1.03 in 2015Q2. The ratio increased, as 64 institutions have sold all the shares of Zebra Technologies Corp. that they owned while 68 funds have taken shares off the table. 45 funds have purchased shares for the first time while 100 added to their positions. These institutions now hold 47.82 million shares or 3.27% less than the 49.44 million shares they owned in 2015Q2.
The Fund Goodnow Investment Group Llc currently is holding shares equating to 6.77% of its total portfolio in Zebra Technologies Corp. representing a total of 460,248 shares. Another fund,Clovis Capital Management Lp, is holding a total of 308,000 shares equating to 6.29% of their holdings. Additionally, Tekne Capital Management Llc has a 310,540 share stake in Zebra Technologies Corp. which represents 6.07% of their total portfolio. The Fund, New South Capital Management Inc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 5.12% of their total portfolio. Finally Cortland Associates Inc Mo, a fund which is based in the state of Missouri reported a total holdings of 268,846 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 23, 2015, shareholders of Zebra Technologies Corp. have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $915,290 . Cho Michael sold 1,394 shares worth approximately $157,410. Gagnier Hugh K sold 6,658 shares worth approximately $757,880. Smith Michael A sold 4,300 shares worth approximately $485,685. Gustafsson Anders sold 10,000 shares worth approximately $1.14M. The company insider Terzich Michael H sold 14,640 shares worth $1.59M.
Zebra Technologies Corporation offers enterprise asset intelligence services and products. The company has a market cap of $3.97 billion. The Company’s services and products allow clients to manage their assets, transactions and people of their organization. It currently has negative earnings. It designs, makes and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network products; real-time location systems; related supplies, and utilities, frameworks and application software.
According to Zacks Investment Research, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems.” Get a free copy of the Zacks research report on Zebra Technologies Corp. (ZBRA).