Are Insiders Cutting Back Their Holdings in Zayo Group Holdings, Inc. (NYSE:ZAYO)?

According to the most recent SEC filings, corporate insiders at Zayo Group Holdings, Inc. (NYSE:ZAYO) have decreased their position in the stock by -63.41% over the past 6 months.  Insiders now own 2.60% of total outstanding shares.

Zayo Group Holdings, Inc. (NYSE:ZAYO) stands -3.38% away from its 50-day simple moving average and also -1.06% away from the 200-day average.  Recently, the equity stands -10.69% away from the 52-week high and 21.99% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 42.74.

The consensus analysts recommendation at this point stands at 2.10 for Zayo Group Holdings, Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $36.67 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

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