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Shares of Stagwell Inc. (NASDAQ:STGW – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.1720.
Several brokerages have commented on STGW. Morgan Stanley cut their target price on Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Wall Street Zen raised shares of Stagwell from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Wells Fargo & Company decreased their target price on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Benchmark cut shares of Stagwell from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of Stagwell in a research report on Monday, July 28th.
Check Out Our Latest Research Report on STGW
Stagwell Stock Up 0.2%
Shares of NASDAQ:STGW opened at $5.66 on Friday. Stagwell has a 1 year low of $4.03 and a 1 year high of $8.18. The company has a market capitalization of $1.52 billion, a PE ratio of 12.02 and a beta of 1.41. The business has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $5.47. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.91.
Stagwell (NASDAQ:STGW – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%. The company had revenue of $706.82 million for the quarter, compared to analysts’ expectations of $696.03 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts forecast that Stagwell will post 0.59 earnings per share for the current year.
Insider Activity
In other Stagwell news, CEO Mark Jeffery Penn bought 10,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was acquired at an average price of $4.87 per share, with a total value of $48,700.00. Following the completion of the purchase, the chief executive officer owned 9,014,055 shares of the company’s stock, valued at approximately $43,898,447.85. This trade represents a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky bought 24,350 shares of the stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of $4.30 per share, with a total value of $104,705.00. Following the completion of the acquisition, the director directly owned 185,316 shares of the company’s stock, valued at approximately $796,858.80. The trade was a 15.13% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 702,193 shares of company stock worth $3,044,496 in the last quarter. 5.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of STGW. American Century Companies Inc. increased its holdings in shares of Stagwell by 12.0% in the 4th quarter. American Century Companies Inc. now owns 160,520 shares of the company’s stock worth $1,056,000 after purchasing an additional 17,261 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Stagwell during the fourth quarter valued at $105,000. LPL Financial LLC bought a new stake in Stagwell in the 4th quarter worth about $240,000. Prudential Financial Inc. bought a new stake in Stagwell in the 4th quarter worth about $442,000. Finally, JPMorgan Chase & Co. raised its position in Stagwell by 2,968.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock worth $7,852,000 after buying an additional 1,154,458 shares during the last quarter. 35.61% of the stock is owned by hedge funds and other institutional investors.
Stagwell Company Profile
Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.
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