Finance

What Recent Ownership Trends Suggest About ZAGG Inc (ZAGG)’s Future Performance

Recent insider trends for ZAGG Inc (NASDAQ:ZAGG) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on ZAGG is anything to go by, investors should pay attention.

Institutions own 81.77% of ZAGG Inc (ZAGG)’s shares. The total value of these holdings, in millions, is $359. Among active positions in the latest quarter, 46 holders increased their positions by a total of 2.36 million shares, 58 holders decreased the positions by a total of 1.68 million shares, and 19 holders held their positions. This works out to a net increase in ownership of 680633 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 15 holders initiated new positions by a total of 1.06 million shares and 18 holders exited their positions by a total of 797820 shares. This nets out to an increase of 258880 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.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. 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.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ZAGG is a Strong 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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