B. Riley Raises Stagwell (NASDAQ:STGW) Price Target to $10.00

Stagwell (NASDAQ:STGW) had its price target lifted by B. Riley from $9.00 to $10.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on STGW. Benchmark raised their price objective on Stagwell from $6.50 to $9.00 and gave the company a buy rating in a research note on Thursday. TheStreet upgraded shares of Stagwell from a d+ rating to a c- rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC reiterated a buy rating and issued a $7.50 price objective on shares of Stagwell in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $8.06.

Stagwell Stock Performance

NASDAQ STGW opened at $6.90 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $5.81. Stagwell has a 12-month low of $3.83 and a 12-month high of $8.59. The company has a market cap of $1.85 billion, a P/E ratio of -230.00 and a beta of 1.09.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $654.90 million during the quarter, compared to the consensus estimate of $683.12 million. Stagwell had a negative net margin of 0.16% and a positive return on equity of 7.35%. Stagwell’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Sell-side analysts predict that Stagwell will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Wade Oosterman purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the transaction, the director now directly owns 128,204 shares in the company, valued at approximately $646,148.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Mark Jeffery Penn purchased 10,000 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 2,480,469 shares of the company’s stock, valued at $12,898,438.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wade Oosterman acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were 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 disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stagwell

A number of large investors have recently added to or reduced their stakes in the company. My Personal CFO LLC increased its position in shares of Stagwell by 153.5% during the 4th quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock valued at $8,841,000 after purchasing an additional 807,505 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Stagwell by 89.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 733,573 shares of the company’s stock worth $3,440,000 after purchasing an additional 345,669 shares during the last quarter. Advisor Resource Council purchased a new stake in Stagwell during the fourth quarter valued at about $260,000. Trexquant Investment LP bought a new position in shares of Stagwell during the third quarter valued at about $654,000. Finally, Graham Capital Management L.P. lifted its stake in shares of Stagwell by 186.9% in the 3rd quarter. Graham Capital Management L.P. now owns 68,231 shares of the company’s stock valued at $320,000 after acquiring an additional 44,450 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

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.