Zebra Tech (NASDAQ:ZBRA) Price Target & New Coverage by Needham

Needham initiated its coverage on Zebra Tech (NASDAQ:ZBRA), today 28 March. The research firm finds the stock of ZBRA attractive and has target price of $102.0 with Buy rating.

After the new coverage NASDAQ:ZBRA is at the moment trading -0.27% lower at $86.50 as of 12:00 AM New York time. Zebra Tech’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has gained 10.69% in the same time period.

According to data compiled by Thomson Reuters, Zebra Tech (NASDAQ:ZBRA)’s stock is covered by 7 equity analysts across the Street, with 0 analysts giving it a Sell rating, 7 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $82.43, which reflects an downside potential of 4.71% over the current price.

Institutional Ownership

Makaira Partners Llc had the most significant stake with ownership of 1.18M shares as of q2 2015 for 12.4% of the stock exposure. Goodnow Investment Group Llc is another quite bullish institutional investor who is owning 486,789 shares of Zebra Tech or 8.03% of their stock exposure. Further, New South Capital Management Inc have 4.27% of their stock exposure invested in the company for 2.56M shares. The California-based fund Cove Street Capital Llc revealed it had purchased so far a stake worth about 2.62% of the institutional investor’s stock portfolio in Zebra Tech. The New York-based fund Olstein Capital Management L.P. is also positive about the stock, possessing 348,826 shares or 2.34% of their stock exposure.

Zebra Tech (NASDAQ:ZBRA) Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software. The Company operates through two segments: Enterprise, which comprises its mobile computing, data capture, RFID and WLAN products, and services, and Legacy Zebra, which comprises barcode and card printing, location solutions, supplies and services.

Zebra Tech (NASDAQ:ZBRA) traded down -0.27% on 28 March, hitting $86.5. A total of shares of the company’s stock traded hands. This is down from average of 350,419 shares. Zebra Tech has a 52 week low of $46.13 and a 52 week high of $93.61. The company has a market cap of $4.57B and a P/E ratio of 0.

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The post Zebra Tech (NASDAQ:ZBRA) Is Now Covered by Needham. They Set a Buy Rating on the Stock and $102.0 PT appeared first on Octafinance.