Finance

Are ZAGG Inc (ZAGG)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for ZAGG Inc (NASDAQ:ZAGG) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how ZAGG might perform in the future.

Institutions own 81.86% of ZAGG Inc (ZAGG)’s shares. The total value of these holdings, in millions, is $385. Among active positions in the latest quarter, 48 holders increased their positions by a total of 2.37 million shares, 55 holders decreased the positions by a total of 1.57 million shares, and 20 holders held their positions. This works out to a net increase in ownership of 795375 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 16 holders initiated new positions by a total of 1.06 million shares and 18 holders exited their positions by a total of 801661 shares. This nets out to an increase of 256242 shares and is a bullish sign for ZAGG.

Insider ownership increased by a total of 0 shares, which suggests that ZAGG’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 9 buys and 3 sells, and ownership increased by a net of 294756 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. ZAGG Inc (NASDAQ:ZAGG)’s short interest is 0 shares, or % of the float. This represents an increase of % in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ZAGG is a Weak buy, which implies that ZAGG is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that ZAGG Inc (NASDAQ:ZAGG) is undervalued.

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