Stagwell Inc. (NASDAQ:STGW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Stagwell Inc. (NASDAQ:STGW) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.11.

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Stagwell in a research note on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a research note on Tuesday, April 16th. Finally, TheStreet raised shares of Stagwell from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th.

Insider Transactions at Stagwell

In other news, Director Wade Oosterman purchased 5,000 shares of Stagwell stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $5.04 per share, with a total value of $25,200.00. Following the completion of the transaction, the director now directly owns 128,204 shares in the company, valued at approximately $646,148.16. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Wade Oosterman acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director now directly owns 128,204 shares in the company, valued at approximately $646,148.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Jeffery Penn acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at $12,898,438.80. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Stagwell

Hedge funds and other institutional investors have recently made changes to their positions in the stock. My Personal CFO LLC raised its holdings in shares of Stagwell by 153.5% during the fourth quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock worth $8,841,000 after acquiring an additional 807,505 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Stagwell by 89.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 733,573 shares of the company’s stock valued at $3,440,000 after buying an additional 345,669 shares during the last quarter. Advisor Resource Council acquired a new stake in Stagwell in the 4th quarter valued at $260,000. Trexquant Investment LP acquired a new stake in Stagwell in the 3rd quarter valued at $654,000. Finally, Graham Capital Management L.P. increased its stake in Stagwell by 186.9% in the 3rd quarter. Graham Capital Management L.P. now owns 68,231 shares of the company’s stock valued at $320,000 after buying an additional 44,450 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Stock Performance

NASDAQ STGW opened at $6.12 on Monday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -204.00 and a beta of 1.06. The company has a 50 day moving average of $5.86 and a 200-day moving average of $5.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.39. Stagwell has a 1-year low of $3.83 and a 1-year high of $8.59.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.38%. The company had revenue of $654.90 million for the quarter, compared to the consensus estimate of $683.12 million. During the same period last year, the company earned $0.22 earnings per share. Stagwell’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts forecast that Stagwell will post 0.73 earnings per share for the current fiscal year.

About Stagwell

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.