Eli Samaha Purchases 240,000 Shares of Stagwell Inc. (NASDAQ:STGW) Stock

Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Eli Samaha bought 240,000 shares of Stagwell stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price of $4.43 per share, with a total value of $1,063,200.00. Following the purchase, the director now owns 8,014,322 shares in the company, valued at approximately $35,503,446.46. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eli Samaha also recently made the following trade(s):

• On Wednesday, June 4th, Eli Samaha bought 425,757 shares of Stagwell stock. The stock was purchased at an average price of $4.27 per share, with a total value of $1,817,982.39.

Stagwell Stock Performance

NASDAQ STGW traded up $0.06 during trading on Monday, hitting $4.55. 1,559,644 shares of the company's stock traded hands, compared to its average volume of 633,711. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -455.00 and a beta of 1.44. Stagwell Inc. has a 12-month low of $4.03 and a 12-month high of $8.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $5.14 and a 200-day moving average of $6.08.

Stagwell (NASDAQ:STGW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). The business had revenue of $651.74 million for the quarter, compared to analysts' expectations of $686.46 million. Stagwell had a net margin of 0.01% and a return on equity of 8.03%. Stagwell's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. As a group, equities research analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stagwell

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Stagwell in the fourth quarter valued at approximately $29,000. Vident Advisory LLC bought a new position in shares of Stagwell in the first quarter valued at approximately $64,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Stagwell in the fourth quarter valued at approximately $69,000. AQR Capital Management LLC bought a new position in shares of Stagwell in the first quarter valued at approximately $74,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Stagwell in the fourth quarter valued at approximately $75,000. 35.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STGW has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Benchmark lowered shares of Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $9.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stagwell presently has a consensus rating of "Moderate Buy" and an average price target of $8.60.

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.