Stagwell Inc. $STGW Shares Acquired by Cubist Systematic Strategies LLC

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 grew its holdings in Stagwell Inc. (NASDAQ:STGW - Free Report) by 452.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,182 shares of the company's stock after acquiring 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 quarter.

Several other large investors have also made changes to their positions in STGW. Northern Trust Corp boosted its holdings in shares of Stagwell by 24.2% in the 4th quarter. Northern Trust Corp now owns 950,179 shares of the company's stock valued at $6,252,000 after acquiring an additional 185,103 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Stagwell by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock valued at $2,312,000 after acquiring an additional 1,974 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Stagwell in the 4th quarter valued at $75,000. Deutsche Bank AG boosted its holdings in shares of Stagwell by 69.4% in the 4th quarter. Deutsche Bank AG now owns 79,273 shares of the company's stock valued at $522,000 after acquiring an additional 32,472 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Stagwell in the 4th quarter valued at $109,000. 35.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Stagwell Price Performance

NASDAQ:STGW traded up $0.08 during trading hours on Monday, reaching $5.31. 1,434,366 shares of the company were exchanged, compared to its average volume of 951,302. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. The stock's 50-day moving average is $5.36 and its 200-day moving average is $5.28. The firm has a market cap of $1.37 billion, a PE ratio of 11.13 and a beta of 1.47. Stagwell Inc. has a twelve month low of $4.03 and a twelve month high of $8.18.

Stagwell (NASDAQ:STGW - Get Free Report) last posted 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 company had revenue of $706.82 million for the quarter, compared to analyst estimates of $696.03 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, sell-side analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

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.