Stagwell Inc. (NASDAQ:STGW – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.11.
A number of research firms recently commented on STGW. Morgan Stanley began coverage on shares of Stagwell in a research note on Wednesday, June 28th. They issued an “equal weight” rating and a $9.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a research note on Wednesday, August 9th. Craig Hallum began coverage on shares of Stagwell in a research note on Friday, October 6th. They set a “buy” rating and a $8.00 target price for the company. Stephens lowered shares of Stagwell from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $11.00 to $8.00 in a research note on Wednesday, August 9th. Finally, B. Riley decreased their target price on shares of Stagwell from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd.
Get Our Latest Stock Report on Stagwell
Insider Buying and Selling
In other news, President Jay Leveton bought 7,540 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $4.89 per share, for a total transaction of $36,870.60. Following the acquisition, the president now directly owns 491,825 shares of the company’s stock, valued at approximately $2,405,024.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. State of Wyoming bought a new position in shares of Stagwell during the 2nd quarter worth about $28,000. C M Bidwell & Associates Ltd. bought a new position in shares of Stagwell during the 1st quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Stagwell during the 2nd quarter worth about $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Stagwell by 75.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the company’s stock worth $34,000 after purchasing an additional 2,127 shares during the period. Finally, New York State Teachers Retirement System bought a new position in shares of Stagwell during the 2nd quarter worth about $49,000. Institutional investors own 97.86% of the company’s stock.
Stagwell Trading Down 2.0 %
Shares of NASDAQ:STGW opened at $4.50 on Thursday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -225.00 and a beta of 1.12. Stagwell has a 1-year low of $4.09 and a 1-year high of $9.23. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $5.14 and a 200 day moving average price of $6.20.
Stagwell (NASDAQ:STGW – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The company had revenue of $632.27 million for the quarter, compared to analysts’ expectations of $658.88 million. On average, research analysts anticipate that Stagwell will post 0.7 EPS for the current fiscal 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)-based communications technology, cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.
Further Reading
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