Sunday, June 26, 2022

InfuSystem Holdings Inc. [INFU] Director makes an insider sale of 30,000 shares worth 264,900.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. InfuSystem Holdings Inc. shares valued at $264,900 were sold by Lehman Gregg Owen on Jun 17. At $8.83 per share, Lehman Gregg Owen sold 30,000 shares. The insider’s holdings dropped to 346 shares worth approximately $2958.3 following the completion of this transaction.


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Also, RUIZ THOMAS MARK sold 15,000 shares, netting a total of over 148,200 in proceeds. Following the sale of shares at $9.88 each, the insider now holds 32,893 shares.

Before that, Lehman Gregg Owen had sold 10,000 shares from its account. In a trade valued at $86,200, the Director traded InfuSystem Holdings Inc. shares for $8.62 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $2958.3.

As published in their initiating research note from Northland Capital on April 26, 2021, InfuSystem Holdings Inc. [INFU] has been an Outperform and the price target has been revised to $27. This represents a 68.33% premium over Wednesday’s closing price. Analysts at Sidoti started covering the stock with ‘”a Buy”‘ outlook in a report released in late December. As of August 31, 2020, Craig Hallum has initiated its “Buy” rating for INFU. Earlier on June 09, 2020, Lake Street initiated its rating. Their recommendation was “a Buy” for INFU stock.

Analyzing INFU’s Price Performance

On Wednesday, InfuSystem Holdings Inc. [AMEX: INFU] plunged -0.58% to $8.55. The stock’s lowest price that day was $8.55, but it reached a high of $9.05 in the same session. During the last five days, there has been a drop of approximately -4.36%. Over the course of the year, InfuSystem Holdings Inc. shares have dropped approximately -49.79%. Shares of the company reached a 52-week high of $17.54 on 01/04/22 and a 52-week low of $6.78 on 04/27/22. A 50-day SMA is recorded $8.61, while a 200-day SMA reached $12.69. Nevertheless, trading volume fell to 0.11 million shares from 0.22 million shares the previous day.

Support And Resistance Levels for InfuSystem Holdings Inc. (INFU)

According to the 24-hour chart, there is a support level at 8.38, which, if violated, would cause prices to drop to 8.22. In the upper region, resistance lies at 8.88. The next price resistance is at 9.22. RSI (Relative Strength Index) is 42.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 96.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is InfuSystem Holdings Inc. subject to short interest?

Stocks of InfuSystem Holdings Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.19 million shares to 0.64 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.45 million shares. A jump of 29.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.

Which companies own the most shares of InfuSystem Holdings Inc. (INFU)?

According to AWM Investment Co., Inc. filings, the company currently owns 2,000,000 shares, which is about 9.74% of the total INFU shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 2000000.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $8,699,364. Wasatch Advisors, Inc. acquire a 18.64% interest valued at $8.31 million while Minerva Advisors LLC sold a 0 stake. A total of 71,323 shares of InfuSystem Holdings Inc. were sold by The Vanguard Group, Inc. during the quarter, and 141,688 were bought by Punch & Associates Investment Man. In its current portfolio, Ranger Investment Management LP holds 515,456 shares valued at $4.98 million.

In terms of InfuSystem Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $21.67 in the next 12 months, up nearly 155.81% from the previous closing price of $8.60. Analysts anticipate InfuSystem Holdings Inc. stock to reach $24.00 by 2022, with the lowest price target being $19.00. In spite of this, 3 analysts ranked InfuSystem Holdings Inc. stock as a Buy at the end of 2022.

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