Published on 23 Jun 2021 on Insider Monkey via Yahoo Finance

Is COMSovereign Holding Corp. (COMS) A Good Stock To Buy?

Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards COMSovereign Holding Corp. (NASDAQ:COMS).

Is COMS a good stock to buy? The smart money was becoming more confident. The number of long hedge fund bets moved up by 3 recently. COMSovereign Holding Corp. (NASDAQ:COMS) was in 3 hedge funds' portfolios at the end of the first quarter of 2021. Our calculations also showed that COMS isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.