Analysts Set Stagwell Inc. (NASDAQ:STGW) Price Target at $8.11

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $8.11.

Several analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $7.50 target price on shares of Stagwell in a research note on Tuesday, April 16th. Benchmark reiterated a “buy” rating and set a $6.50 target price on shares of Stagwell in a research report on Friday, March 15th. Finally, TheStreet raised Stagwell from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th.

Stagwell Stock Performance

Shares of Stagwell stock opened at $6.08 on Monday. The firm’s fifty day simple moving average is $5.89 and its 200-day simple moving average is $5.69. Stagwell has a 12 month low of $3.83 and a 12 month high of $8.59. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -202.67 and a beta of 1.06. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.75 and a quick ratio of 0.75.

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

Insider Transactions at Stagwell

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

Institutional Investors Weigh In On Stagwell

A number of hedge funds and other institutional investors have recently made changes to their positions in STGW. Clear Harbor Asset Management LLC boosted its stake in Stagwell by 2.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 112,617 shares of the company’s stock worth $528,000 after buying an additional 2,500 shares during the last quarter. New York State Teachers Retirement System increased its position in Stagwell by 40.8% during the third 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 during the last quarter. Corton Capital Inc. raised its stake in Stagwell by 8.2% during the third quarter. Corton Capital Inc. now owns 36,965 shares of the company’s stock worth $173,000 after purchasing an additional 2,787 shares during the period. Principal Financial Group Inc. grew its stake in shares of Stagwell by 22.0% during the 3rd quarter. Principal Financial Group Inc. now owns 22,913 shares of the company’s stock valued at $107,000 after buying an additional 4,135 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Stagwell by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 623,894 shares of the company’s stock worth $2,926,000 after buying an additional 4,345 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

About Stagwell

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.