A Director at Zebra Tech (NASDAQ: ZBRA) is Buying Shares

By Carrie Williams

Today, a Director at Zebra Tech (NASDAQ: ZBRA), Frank Blaise Modruson, bought shares of ZBRA for $160K.

This recent transaction increases Frank Blaise Modruson’s holding in the company by 6.13% to a total of $2.78 million.

Based on Zebra Tech’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $940 million and GAAP net loss of $12 million. In comparison, last year the company earned revenue of $908 million and had a GAAP net loss of $83 million. The company has a one-year high of $117.44 and a one-year low of $65.69. ZBRA’s market cap is $5.55B and the company has a P/E ratio of 185.01.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $127.33, reflecting a -18.6% downside. Nine different firms, including B.Riley FBR and Barrington, currently also have a Buy rating on the stock. Starting in August 2017, ZBRA received 5 Buy ratings in a row.

The insider sentiment on Zebra Tech has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Zebra Technologies Corp. designs, manufactures and sells computerized bar-code laser printers. It operates through the Legacy Zebra and Enterprise segments. The Legacy Zebra segment comprises of barcode and card printing, location solutions, supplies, and services.