Voya Investment Management LLC Has $177,000 Stock Holdings in Stagwell Inc. (NASDAQ:STGW)

Voya Investment Management LLC lessened its position in Stagwell Inc. (NASDAQ:STGW) by 9.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,950 shares of the company’s stock after selling 2,893 shares during the period. Voya Investment Management LLC’s holdings in Stagwell were worth $177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of STGW. KLP Kapitalforvaltning AS acquired a new position in shares of Stagwell in the 4th quarter worth approximately $105,000. Walleye Capital LLC acquired a new position in shares of Stagwell in the 4th quarter worth approximately $107,000. XTX Topco Ltd acquired a new position in shares of Stagwell in the 4th quarter worth approximately $110,000. Pictet Asset Management Holding SA boosted its holdings in shares of Stagwell by 31.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 19,468 shares of the company’s stock worth $128,000 after acquiring an additional 4,609 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Stagwell by 345.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 21,295 shares of the company’s stock worth $140,000 after buying an additional 16,510 shares in the last quarter. 35.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STGW has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price target on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday. Benchmark downgraded Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.60.

Stagwell Stock Performance

STGW stock opened at $5.41 on Wednesday. The business’s fifty day moving average is $5.64 and its 200-day moving average is $6.41. 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 company has a market cap of $1.44 billion, a P/E ratio of -541.00 and a beta of 1.51. Stagwell Inc. has a twelve month low of $4.69 and a twelve month high of $8.18.

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

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.