Advisor Resource Council Takes Position in Stagwell Inc. (NASDAQ:STGW)

Advisor Resource Council purchased a new position in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 105,363 shares of the company's stock, valued at approximately $608,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Stagwell by 7.3% during 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 last quarter. New York State Common Retirement Fund increased its position in Stagwell by 0.4% during 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 buying an additional 6,992 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Stagwell by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company's stock worth $5,269,000 after buying an additional 6,742 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Stagwell by 185.7% during the 4th quarter. Victory Capital Management Inc. now owns 38,735 shares of the company's stock worth $255,000 after acquiring an additional 25,177 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Stagwell during the 4th quarter worth approximately $293,000. Institutional investors and hedge funds own 35.61% of the company's stock.

Stagwell Price Performance

Shares of STGW traded up $0.15 during mid-day trading on Friday, reaching $4.45. The company had a trading volume of 2,037,931 shares, compared to its average volume of 672,635. Stagwell Inc. has a 1-year low of $4.03 and a 1-year high of $8.18. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -445.00 and a beta of 1.44. The company's 50 day simple moving average is $5.02 and its 200 day simple moving average is $5.87.

Stagwell (NASDAQ:STGW - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). The company had revenue of $651.74 million for the quarter, compared to analyst estimates of $686.46 million. Stagwell had a return on equity of 15.38% and a net margin of 0.02%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Analysts expect that Stagwell Inc. will post 0.59 EPS for the current year.

Insider Transactions at Stagwell

In other news, Director Eli Samaha bought 425,757 shares of the stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of $4.27 per share, with a total value of $1,817,982.39. Following the completion of the transaction, the director now directly owns 7,774,322 shares of the company's stock, valued at $33,196,354.94. This trade represents a 5.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Jeffery Penn bought 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $4.87 per share, for a total transaction of $48,700.00. Following the completion of the transaction, the chief executive officer now directly owns 9,014,055 shares of the company's stock, valued at $43,898,447.85. This trade represents a 0.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 702,193 shares of company stock worth $3,044,496. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

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

Stagwell 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.