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

Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Eli Samaha purchased 240,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $4.43 per share, with a total value of $1,063,200.00. Following the completion of the acquisition, the director now owns 8,014,322 shares in the company, valued at $35,503,446.46. The trade was a 3.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

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

Stagwell Stock Up 4.7%

Shares of Stagwell stock traded up $0.20 during midday trading on Friday, hitting $4.49. The company had a trading volume of 1,853,209 shares, compared to its average volume of 632,181. Stagwell Inc. has a 52-week low of $4.03 and a 52-week 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 company has a 50 day moving average of $5.20 and a 200 day moving average of $6.15. The stock has a market capitalization of $1.20 billion, a P/E ratio of -449.00 and a beta of 1.44.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). Stagwell had a net margin of 0.01% and a return on equity of 8.03%. The company had revenue of $651.74 million for the quarter, compared to the consensus estimate of $686.46 million. During the same quarter in the prior year, the company posted $0.16 EPS. Stagwell's revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STGW. Jacobs Levy Equity Management Inc. raised its stake in Stagwell by 0.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company's stock valued at $4,095,000 after purchasing an additional 1,759 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock worth $322,000 after buying an additional 1,892 shares during the period. Ameriprise Financial Inc. grew its holdings in Stagwell by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock valued at $2,312,000 after purchasing an additional 1,974 shares during the last quarter. Principal Financial Group Inc. raised 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 buying an additional 2,378 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Stagwell by 1.5% during the first quarter. Swiss National Bank now owns 178,100 shares of the company's stock valued at $1,078,000 after purchasing an additional 2,600 shares during the period. 35.61% of the stock is owned by hedge funds and other institutional investors.

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.

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