Stagwell Inc. (NASDAQ:STGW) Receives $8.11 Consensus PT from Analysts

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.11.

A number of brokerages have weighed in on STGW. Benchmark reiterated a “buy” rating and set a $6.50 target price on shares of Stagwell in a research report on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $7.50 target price on shares of Stagwell in a research report on Tuesday, April 16th. Finally, TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th.

Insider Transactions at Stagwell

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

Institutional Investors Weigh In On Stagwell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in Stagwell by 24.8% in the 3rd quarter. National Bank of Canada FI now owns 469,353 shares of the company’s stock worth $2,129,000 after purchasing an additional 93,146 shares in the last quarter. SG Americas Securities LLC bought a new position in Stagwell in the 3rd quarter worth $89,000. New York State Teachers Retirement System raised its holdings in Stagwell by 40.8% in the 3rd quarter. New York State Teachers Retirement System now owns 9,611 shares of the company’s stock worth $45,000 after purchasing an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stagwell by 31.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,141 shares of the company’s stock worth $94,000 after purchasing an additional 4,833 shares in the last quarter. Finally, Strs Ohio raised its holdings in Stagwell by 79.0% in the 3rd quarter. Strs Ohio now owns 106,700 shares of the company’s stock worth $500,000 after purchasing an additional 47,100 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

Stagwell Stock Performance

NASDAQ STGW opened at $6.12 on Monday. Stagwell has a 52-week low of $3.83 and a 52-week high of $8.59. The company has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $5.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $1.64 billion, a PE ratio of -204.00 and a beta of 1.06.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The company had revenue of $654.90 million for the quarter, compared to analysts’ expectations of $683.12 million. Stagwell had a positive return on equity of 7.38% and a negative net margin of 0.09%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, research analysts predict that Stagwell will post 0.73 EPS for the current year.

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.