Janney Montgomery Scott LLC Takes Position in Stagwell Inc. $STGW

Key Points

• Janney Montgomery Scott LLC has acquired a new stake in Stagwell Inc., purchasing 202,563 shares valued at approximately $912,000 during the second quarter.
• Stagwell reported a Q2 earnings miss with an EPS of $0.17, below the consensus estimate of $0.19, while revenue grew by 5.3% year-over-year, reaching $706.82 million.
• Institutional investors and hedge funds collectively own 35.61% of Stagwell's stock, indicating significant interest in the company's potential.

Janney Montgomery Scott LLC acquired a new stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 202,563 shares of the company's stock, valued at approximately $912,000. Janney Montgomery Scott LLC owned about 0.08% of Stagwell as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vident Advisory LLC acquired a new position in shares of Stagwell during the 1st quarter valued at about $64,000. AQR Capital Management LLC acquired a new stake in Stagwell in the 1st quarter valued at approximately $74,000. Teacher Retirement System of Texas acquired a new stake in Stagwell in the 1st quarter valued at approximately $86,000. Dynamic Technology Lab Private Ltd acquired a new stake in Stagwell in the 1st quarter valued at approximately $137,000. Finally, Mackenzie Financial Corp acquired a new stake in Stagwell in the 1st quarter valued at approximately $175,000. Institutional investors and hedge funds own 35.61% of the company's stock.

Stagwell Price Performance

Stagwell stock opened at $5.19 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $1.34 billion, a PE ratio of 10.68 and a beta of 1.36. Stagwell Inc. has a one year low of $4.03 and a one year high of $8.18. The business has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $5.18.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $706.82 million for 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%.Stagwell's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, sell-side analysts forecast that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STGW. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Stagwell in a report on Wednesday, October 8th. Zacks Research raised Stagwell from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Morgan Stanley lowered their target price on Stagwell from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $6.36 target price on shares of Stagwell in a report on Tuesday, July 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.00 target price on shares of Stagwell in a report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $8.17.

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.

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