Recent insider trends for Epizyme, Inc. (NASDAQ:EPZM) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of EPZM, the data has a lot to say about how the stock might perform going forward.
Institutions own 85.29% of Epizyme, Inc. (EPZM)’s shares. The total value of these holdings, in millions, is $880. Among active positions in the latest quarter, 63 holders increased their positions by a total of 12.47 million shares, 41 holders decreased the positions by a total of 2.34 million shares, and 16 holders held their positions. This works out to a net increase in ownership of 10.13 million 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 2.95 million shares and 17 holders exited their positions by a total of 1.75 million shares. This nets out to an increase of 1.19 million shares and is a bullish sign for EPZM.
In the last three months, insiders executed a total of 1 trades. 1 were sells. Insider ownership decreased by a total of 15000 shares, which suggests that EPZM’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 4 buys and 11 sells, and ownership increased by a net of 97587 shares.
Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Epizyme, Inc. (NASDAQ:EPZM)’s short interest is 5.22 million shares, or 14.48% of the float. This represents a decrease of -1% 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 EPZM is a buy, which implies that EPZM is expected to outperform 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 bearish. Technical indicators (also) suggest that Epizyme, Inc. (NASDAQ:EPZM) is undervalued.