Stagwell (NASDAQ:STGW) Reaches New 12-Month Low – What’s Next?

Stagwell Inc. (NASDAQ:STGW)’s stock price hit a new 52-week low during trading on Saturday . The company traded as low as $4.69 and last traded at $4.86, with a volume of 2638148 shares. The stock had previously closed at $4.99.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on STGW shares. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $8.00 to $9.00 in a report on Friday, February 21st. Benchmark cut Stagwell from a “strong-buy” rating to a “hold” rating in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stagwell currently has an average rating of “Moderate Buy” and a consensus price target of $8.80.

Stagwell Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The business’s 50-day simple moving average is $5.68 and its 200 day simple moving average is $6.43. The firm has a market capitalization of $1.30 billion, a P/E ratio of -486.00 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last issued its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). Stagwell had a return on equity of 8.03% and a net margin of 0.01%. The business had revenue of $651.74 million during the quarter, compared to analysts’ expectations of $686.46 million. During the same quarter in the previous year, the business earned $0.16 EPS. Stagwell’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Stagwell

Several institutional investors and hedge funds have recently bought and sold shares of STGW. Barclays PLC grew its position in Stagwell by 304.6% during the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after acquiring an additional 101,201 shares during the last quarter. Portfolio Design Labs LLC bought a new position in shares of Stagwell in the fourth quarter worth approximately $271,000. Principal Financial Group Inc. grew its holdings in shares of Stagwell by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after purchasing an additional 2,378 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Stagwell by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after purchasing an additional 6,992 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Stagwell by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company’s stock worth $5,269,000 after acquiring an additional 6,742 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors.

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.