Stagwell (NASDAQ:STGW) Director Sells $129,360.00 in Stock

Stagwell Inc. (NASDAQ:STGW) Director Desiree Rogers sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total value of $129,360.00. Following the transaction, the director directly owned 202,984 shares in the company, valued at $2,188,167.52. This trade represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stagwell Price Performance

STGW stock opened at $11.64 on Friday. The company has a market capitalization of $2.85 billion, a P/E ratio of 12.67 and a beta of 1.23. The company has a fifty day moving average price of $8.94 and a 200-day moving average price of $7.29. Stagwell Inc. has a 52-week low of $4.28 and a 52-week high of $11.67. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.81 and a current ratio of 0.81.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Stagwell had a return on equity of 29.37% and a net margin of 0.31%. The firm had revenue of $816.03 million during the quarter, compared to analyst estimates of $838.38 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that Stagwell Inc. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities raised their price objective on Stagwell from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. The Goldman Sachs Group started coverage on Stagwell in a research note on Monday, October 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Wells Fargo & Company increased their target price on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Weiss Ratings upgraded Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, B. Riley Financial reiterated a “buy” rating and set a $12.00 price objective (up from $10.00) on shares of Stagwell in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Hedge Funds Weigh In On Stagwell

A number of institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Stagwell in the third quarter valued at about $87,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Stagwell during the 3rd quarter valued at about $683,000. State of Alaska Department of Revenue raised its stake in shares of Stagwell by 5.1% in the third quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company’s stock worth $282,000 after purchasing an additional 1,693 shares during the last quarter. Tidal Investments LLC purchased a new position in Stagwell during the second quarter valued at approximately $117,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Stagwell during the 2nd quarter worth about $52,000. 35.61% of the stock is owned by institutional investors.

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.