Stagwell Inc. (NASDAQ:STGW) Stock Has Average Target Price of $10.17 According to Brokerages

Stagwell Inc. (NASDAQ:STGW) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.17.

Several equities research analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. B. Riley Financial increased their price objective on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their target price on Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Rosenblatt Securities boosted their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th.

Stagwell Trading Down 0.2%

STGW stock opened at $8.83 on Monday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $7.12. Stagwell has a one year low of $4.28 and a one year high of $9.64. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 147.17 and a beta of 1.30.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $786.31 million for the quarter, compared to analyst estimates of $754.56 million. Stagwell had a net margin of 0.53% and a return on equity of 27.30%. Stagwell’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts anticipate that Stagwell will post 0.92 EPS for the current year.

Insider Buying and Selling at Stagwell

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of Stagwell stock in a transaction on Friday, July 31st. The stock was sold at an average price of $8.46, for a total value of $524,520.00. Following the completion of the transaction, the insider directly owned 491,977 shares of the company’s stock, valued at $4,162,125.42. The trade was a 11.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.20% of the company’s stock.

Institutional Trading of Stagwell

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Stagwell by 22.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company’s stock valued at $31,671,000 after purchasing an additional 923,771 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Stagwell during the second quarter worth about $3,907,000. Empowered Funds LLC acquired a new position in shares of Stagwell in the first quarter valued at approximately $2,862,000. First Trust Advisors LP increased its stake in shares of Stagwell by 53.0% in the first quarter. First Trust Advisors LP now owns 673,642 shares of the company’s stock valued at $4,237,000 after buying an additional 233,489 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Stagwell by 104.2% in the first quarter. Sei Investments Co. now owns 371,788 shares of the company’s stock valued at $2,339,000 after buying an additional 189,751 shares during the period. 35.61% of the stock is owned by institutional investors and hedge funds.

Stagwell Company Profile

Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.

The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.