Stagwell (NASDAQ:STGW) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Stagwell (NASDAQ:STGW) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Several other research firms have also issued reports on STGW. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stagwell in a report on Monday. Seaport Res Ptn raised Stagwell to a “strong-buy” rating in a research report on Friday, November 14th. Needham & Company LLC boosted their target price on Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $9.00 price target on shares of Stagwell in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.15.

Stagwell Price Performance

STGW opened at $4.73 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.98. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 78.83 and a beta of 1.66. The stock has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $5.19. Stagwell has a 12-month low of $4.03 and a 12-month high of $7.48.

Stagwell (NASDAQ:STGW) last released its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Stagwell had a net margin of 0.68% and a return on equity of 15.31%. The firm had revenue of $743.00 million for the quarter, compared to the consensus estimate of $743.11 million. During the same period in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Research analysts predict that Stagwell will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vident Advisory LLC purchased a new stake in shares of Stagwell during the first quarter valued at $64,000. Cubist Systematic Strategies LLC lifted its stake in Stagwell by 452.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 133,182 shares of the company’s stock valued at $806,000 after acquiring an additional 109,079 shares during the period. AQR Capital Management LLC bought a new position in Stagwell during the 1st quarter valued at about $74,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Stagwell by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,193 shares of the company’s stock valued at $316,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Stagwell in the first quarter worth approximately $137,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Company Profile

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.