Stagwell Inc. (NASDAQ:STGW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of Stagwell Inc. (NASDAQ:STGW – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.1720.

Several analysts recently weighed in on STGW shares. Benchmark cut shares of Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.36 price objective on shares of Stagwell in a research report on Tuesday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of Stagwell in a research report on Monday, July 28th. Wells Fargo & Company decreased their price objective on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

View Our Latest Stock Report on STGW

Insider Activity

In other news, Director Eli Samaha acquired 240,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was acquired at an average cost of $4.43 per share, with a total value of $1,063,200.00. Following the transaction, the director owned 8,014,322 shares in the company, valued at approximately $35,503,446.46. This trade represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Stagwell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Stagwell by 47.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,467 shares of the company’s stock worth $2,010,000 after purchasing an additional 98,367 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in Stagwell during the first quarter worth approximately $200,000. BNP Paribas Financial Markets acquired a new stake in Stagwell during the fourth quarter worth approximately $75,000. Advisor Resource Council acquired a new stake in Stagwell during the first quarter worth approximately $608,000. Finally, National Bank of Canada FI raised its holdings in Stagwell by 22.3% during the first quarter. National Bank of Canada FI now owns 365,971 shares of the company’s stock worth $2,214,000 after purchasing an additional 66,847 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Down 0.9%

Shares of NASDAQ STGW opened at $5.59 on Wednesday. The stock has a market cap of $1.45 billion, a P/E ratio of 12.00 and a beta of 1.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. Stagwell has a 12-month low of $4.03 and a 12-month high of $8.18. The business’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $5.35.

Stagwell (NASDAQ:STGW – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $706.82 million during the quarter, compared to analyst estimates of $696.03 million. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, equities analysts predict that Stagwell will post 0.59 EPS for the current fiscal year.

About Stagwell

(Get Free Report)

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.

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