Zebra Technologies Corp. (NASDAQ:ZBRA) saw strong trading volume on Tuesday after Imperial Capital raised their price target on the stock from $65.00 to $75.00. Imperial Capital currently has an outperform rating on the stock. 451,146 shares changed hands during trading, an increase of 20% from the previous session’s volume of 375,017 shares.The stock last traded at $66.55 and had previously closed at $68.68.

Other analysts also recently issued research reports about the stock. Credit Agricole SA assumed coverage on shares of Zebra Technologies Corp. in a report on Wednesday, August 3rd. They set a “buy” rating and a $74.00 price objective on the stock. Vetr downgraded shares of Zebra Technologies Corp. from a “hold” rating to a “sell” rating and set a $59.55 price objective on the stock. in a report on Tuesday, August 9th. Zacks Investment Research raised shares of Zebra Technologies Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Wellington Shields upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. Finally, Northcoast Research cut shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $76.17.

In related news, SVP Jim L. Kaput sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $64.83, for a total transaction of $324,150.00. Following the completion of the transaction, the senior vice president now owns 30,103 shares of the company’s stock, valued at $1,951,577.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael H. Terzich sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $68.07, for a total transaction of $600,309.33. Following the transaction, the senior vice president now directly owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of ZBRA. LS Investment Advisors LLC raised its position in shares of Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock valued at $158,000 after buying an additional 1,312 shares during the period. Pacer Advisors Inc. bought a new position in shares of Zebra Technologies Corp. during the second quarter valued at approximately $160,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Zebra Technologies Corp. by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the company’s stock valued at $202,000 after buying an additional 30 shares during the period. King Luther Capital Management Corp bought a new position in shares of Zebra Technologies Corp. during the second quarter valued at approximately $225,000. Finally, LaSalle Street Capital Management LLC raised its position in shares of Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock valued at $226,000 after buying an additional 152 shares during the period.

The company has a 50-day moving average of $68.89 and a 200 day moving average of $60.51. The company’s market capitalization is $3.53 billion.

Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.28. The firm earned $879 million during the quarter, compared to analyst estimates of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. Zebra Technologies Corp.’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities research analysts expect that Zebra Technologies Corp. will post $5.46 EPS for the current fiscal year.

About Zebra Technologies Corp.

Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.

5 Day Chart for NASDAQ:ZBRA

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