Sunday, June 26, 2022

A company insider recently bought 5,000 shares of Landsea Homes Corporation [LSEA]. Should You buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Landsea Homes Corporation shares valued at $35,600 were purchased by Fadule Mollie on Jun 16. At $7.12 per share, Fadule Mollie acquired 5,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.14 million following the completion of this transaction.

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Also, LANDSEA HOLDINGS CORP sold 4,398,826 shares, netting a total of over 29,999,993 in proceeds. Following the sale of shares at $6.82 each, the insider now holds 23,640,729 shares.

Before that, LANDSEA HOLDINGS CORP had sold 4,838,710 shares from its account. In a trade valued at $45,000,003, the Chief Executive Officer traded Landsea Homes Corporation shares for $9.30 each. Upon closing the transaction, the insider’s holdings decreased to 4,838,710 shares, worth approximately $196.56 million.

As published in their initiating research note from Barclays on February 05, 2021, Landsea Homes Corporation [LSEA] has been an Equal weight and the price target has been revised to $11. This represents a 36.27% premium over Wednesday’s closing price.

Analyzing LSEA’s Price Performance

On Wednesday, Landsea Homes Corporation [NASDAQ: LSEA] rose 1.15% to $7.01. The stock’s lowest price that day was $6.84, but it reached a high of $7.57 in the same session. During the last five days, there has been a drop of approximately -3.71%. Over the course of the year, Landsea Homes Corporation shares have dropped approximately -4.23%. Shares of the company reached a 52-week high of $9.21 on 03/28/22 and a 52-week low of $6.19 on 03/08/22. A 50-day SMA is recorded $7.80, while a 200-day SMA reached $7.96. Nevertheless, trading volume fell to 69014.0 shares from 0.14 million shares the previous day.

Support And Resistance Levels for Landsea Homes Corporation (LSEA)

According to the 24-hour chart, there is a support level at 6.71, which, if violated, would cause prices to drop to 6.41. In the upper region, resistance lies at 7.44. The next price resistance is at 7.87. RSI (Relative Strength Index) is 39.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 79.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Landsea Homes Corporation (LSEA)?

According to First Washington Corp. filings, the company currently owns 864,233 shares, which is about 1.91% of the total LSEA shares outstanding. The investor’s shares have appreciated by 16,209 from its previous 13-F filing of 848024.0 shares. With the completion of the sale, No Street GP LP’s stake is now worth $4,425,888. The Vanguard Group, Inc. reduced a -15.92% interest valued at $3.59 million while Voss Capital LLC sold a -93,321 stake. A total of 13,689 shares of Landsea Homes Corporation were sold by Foundry Partners LLC during the quarter, and 4,812 were bought by BlackRock Fund Advisors. In its current portfolio, Russell Investment Management LLC holds 375,177 shares valued at $2.69 million.

In terms of Landsea Homes Corporation share price expectations, FactSet research, analysts set an average price target of $10.00 in the next 12 months, up nearly 44.3% from the previous closing price of $6.93. Analysts anticipate Landsea Homes Corporation stock to reach $10.00 by 2022, with the lowest price target being $10.00. In spite of this, 2 analysts ranked Landsea Homes Corporation stock as an Overweight at the end of 2022.

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