Recent insider trends for The Meet Group, Inc. (NASDAQ:MEET) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. MEET’s insider trading patterns have some implications for where the stock might be headed.
Institutions own 55.89% of The Meet Group, Inc. (MEET)’s shares. The total value of these holdings, in millions, is $89. Among active positions in the latest quarter, 66 holders increased their positions by a total of 6.81 million shares, 57 holders decreased the positions by a total of 4.78 million shares, and 16 holders held their positions. This works out to a net increase in ownership of 2.02 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 21 holders initiated new positions by a total of 2.03 million shares and 28 holders exited their positions by a total of 3.29 million shares. This nets out to a decrease of 1.26 million shares and is another bearish sign for MEET.
In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 17000 shares, which suggests that MEET’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 14 buys and 16 sells, and ownership increased by a net of 244272 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. The Meet Group, Inc. (NASDAQ:MEET)’s short interest is 7.36 million shares, or 13.46% of the float. This represents a decrease of -7% 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 MEET is a Strong sell, which implies that MEET is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that The Meet Group, Inc. (NASDAQ:MEET) is overvalued.