Stagwell (NASDAQ:STGW) Stock: Insider Desiree Rogers Sells 12,000 Shares

Stagwell Inc. (NASDAQ:STGW) Director Desiree Rogers sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total transaction of $129,360.00. Following the completion of the transaction, the director owned 202,984 shares in the company, valued at $2,188,167.52. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Stagwell Price Performance

NASDAQ:STGW opened at $10.83 on Friday. Stagwell Inc. has a 52 week low of $4.28 and a 52 week high of $11.35. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 270.82 and a beta of 1.23. The firm’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $7.27. 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 issued its quarterly earnings data on Thursday, October 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. The business had revenue of $816.03 million during the quarter, compared to analysts’ expectations of $838.38 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Stagwell Inc. will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Stagwell from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 25th. Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Rosenblatt Securities upped their target price on Stagwell from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Wells Fargo & Company increased their target price on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, B. Riley Financial reissued a “buy” rating and set a $12.00 target price (up from $10.00) on shares of Stagwell in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Institutional Trading of Stagwell

A number of institutional investors and hedge funds have recently made changes to their positions in STGW. Dimensional Fund Advisors LP lifted its holdings in Stagwell by 22.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company’s stock worth $31,671,000 after buying an additional 923,771 shares during the period. First Trust Advisors LP grew its position in shares of Stagwell by 53.0% in the 1st 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 last quarter. Bank of New York Mellon Corp bought a new stake in shares of Stagwell in the 2nd quarter valued at about $3,907,000. Empowered Funds LLC acquired a new stake in shares of Stagwell in the first quarter valued at about $2,862,000. 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. Institutional investors own 35.61% of the company’s stock.

About Stagwell

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.