Sequans Communications reports second quarter revenue flat at $8.1 million
Anders Gustafsson, a director at Zebra Technologies Corp (NASDAQ:ZBRA), recently acquired a substantial amount of the company’s Class A Common Stock. The timing appears strategic, as InvestingPro data shows the stock is currently in oversold territory, having declined nearly 20% year-to-date. According to a recent SEC filing, Gustafsson purchased a total of 3,227 shares over two days. On February 24, he bought 500 shares at $311 per share. The following day, he acquired an additional 2,727 shares at a weighted average price of $309.77, with prices ranging from $308.00 to $310.50. These transactions totaled approximately $1,000,242. Following these acquisitions, Gustafsson now directly owns 204,903 shares of Zebra Technologies, showing significant confidence in the $15.9 billion market cap company. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, with analysts setting price targets ranging from $326 to $433. Want deeper insights? InvestingPro offers comprehensive insider trading analysis and Fair Value metrics for over 1,400 US stocks.
In other recent news, Zebra Technologies reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of $4, surpassing the forecast of $3.95. Revenue reached $1.33 billion, slightly above the anticipated $1.32 billion, marking a 32% year-over-year increase. Despite these strong results, the company faces challenges due to tariffs from China and Mexico, impacting their outlook for 2025. Zebra Technologies anticipates a mid-single-digit sales growth year-over-year after the first quarter, with a low double-digit increase in 2025 earnings. UBS analyst Damian Karas adjusted the price target for Zebra Technologies to $425 from $445, maintaining a Buy rating, while Needham also reduced its target to $395 but kept a Buy rating. Both firms remain optimistic about Zebra Technologies’ long-term prospects, citing strong project funnels and customer spending intentions. Zebra Technologies continues to innovate with new product launches and an expanded AI suite, which are expected to drive future growth despite current global trade uncertainties.
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