Cubist Systematic Strategies LLC Acquires 109,079 Shares of Stagwell Inc. $STGW

Key Points

• Cubist Systematic Strategies LLC increased its stake in Stagwell Inc. by 452.6%, now owning 133,182 shares valued at $806,000 after acquiring an additional 109,079 shares in the first quarter.
• Stagwell's stock currently has a consensus rating of Moderate Buy among analysts, with a price target ranging from $6.36 to $10.00.
• In its latest quarterly earnings report, Stagwell missed the earnings per share estimate, reporting $0.17 against a consensus estimate of $0.19, but showed revenue growth of 5.3% year-over-year.

Cubist Systematic Strategies LLC raised its holdings in Stagwell Inc. (NASDAQ:STGW - Free Report) by 452.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,182 shares of the company's stock after purchasing an additional 109,079 shares during the period. Cubist Systematic Strategies LLC's holdings in Stagwell were worth $806,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vident Advisory LLC purchased a new position in shares of Stagwell in the first quarter worth about $64,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Stagwell in the fourth quarter worth about $69,000. BNP Paribas Financial Markets purchased a new position in shares of Stagwell in the fourth quarter worth about $75,000. Teacher Retirement System of Texas purchased a new position in shares of Stagwell in the first quarter worth about $86,000. Finally, Squarepoint Ops LLC purchased a new position in Stagwell during the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on STGW shares. Wall Street Zen cut shares of Stagwell from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $6.36 price objective on shares of Stagwell in a research note on Tuesday, July 22nd. Morgan Stanley reduced their price objective on shares of Stagwell from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Zacks Research raised shares of Stagwell from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price target on shares of Stagwell in a research note on Monday, July 28th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $8.17.

Stagwell Price Performance

STGW stock traded down $0.34 during midday trading on Friday, reaching $5.23. The company had a trading volume of 2,435,204 shares, compared to its average volume of 873,721. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.86. Stagwell Inc. has a 1 year low of $4.03 and a 1 year high of $8.18. The company has a market capitalization of $1.35 billion, a P/E ratio of 11.85 and a beta of 1.47. The firm has a 50-day moving average price of $5.35 and a 200-day moving average price of $5.30.

Stagwell (NASDAQ:STGW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $706.82 million during the quarter, compared to the consensus estimate of $696.03 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, research analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

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.