Stagwell Inc. (NASDAQ:STGW – Get Free Report)’s share price traded up 8.5% on Thursday . The company traded as high as $5.99 and last traded at $6.0650. 1,613,982 shares traded hands during trading, a decline of 11% from the average session volume of 1,817,017 shares. The stock had previously closed at $5.59.
Analysts Set New Price Targets
A number of equities analysts have recently commented on STGW shares. Rosenblatt Securities reiterated a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a research note on Monday, December 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Stagwell in a research note on Monday, December 29th. Seaport Res Ptn upgraded shares of Stagwell to a “strong-buy” rating in a research note on Friday, November 14th. Needham & Company LLC boosted their price objective on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of Stagwell from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stagwell presently has an average rating of “Moderate Buy” and a consensus price target of $8.15.
Check Out Our Latest Report on Stagwell
Stagwell Stock Performance
Stagwell (NASDAQ:STGW – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $743.00 million during the quarter, compared to the consensus estimate of $743.11 million. Stagwell had a return on equity of 15.31% and a net margin of 0.68%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stagwell
Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Stagwell by 11.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,663 shares of the company’s stock worth $88,000 after purchasing an additional 2,066 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in Stagwell by 3.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 68,821 shares of the company’s stock valued at $387,000 after purchasing an additional 2,118 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Stagwell by 43.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock valued at $45,000 after acquiring an additional 3,003 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Stagwell by 4.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 77,890 shares of the company’s stock valued at $351,000 after buying an additional 3,070 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Stagwell by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,193 shares of the company’s stock worth $316,000 after acquiring an additional 3,249 shares during the last quarter. 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.
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