National Bank of Canada FI Has $2.21 Million Stock Holdings in Stagwell Inc. $STGW

Key Points

• National Bank of Canada FI has increased its stake in Stagwell Inc. by 22.3% during Q1, owning 365,971 shares valued at $2.21 million.
• Director Eli Samaha acquired 425,757 shares, increasing his ownership by 5.79%, while CEO Mark Jeffery Penn purchased 10,000 shares, reflecting insider confidence in the company.
• Analysts have mixed ratings on Stagwell's stock, with targets ranging from $6.36 to $10.00, while the company reported Q2 earnings of $0.17 per share, slightly missing expectations.

National Bank of Canada FI lifted its stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) by 22.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,971 shares of the company's stock after buying an additional 66,847 shares during the quarter. National Bank of Canada FI owned approximately 0.14% of Stagwell worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in STGW. JPMorgan Chase & Co. boosted its holdings in Stagwell by 2,968.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company's stock worth $7,852,000 after purchasing an additional 1,154,458 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Stagwell by 30.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,648,791 shares of the company's stock valued at $9,975,000 after buying an additional 382,008 shares during the last quarter. 683 Capital Management LLC lifted its stake in Stagwell by 94.8% in the fourth quarter. 683 Capital Management LLC now owns 750,000 shares of the company's stock valued at $4,935,000 after buying an additional 365,000 shares during the last quarter. First Trust Advisors LP bought a new stake in Stagwell in the fourth quarter valued at $1,316,000. Finally, Northern Trust Corp lifted its stake in Stagwell by 24.2% in the fourth quarter. Northern Trust Corp now owns 950,179 shares of the company's stock valued at $6,252,000 after buying an additional 185,103 shares during the last quarter. Institutional investors and hedge funds own 35.61% of the company's stock.

Stagwell Stock Down 1.1%

NASDAQ:STGW traded down $0.0650 on Tuesday, hitting $5.6950. 177,606 shares of the company's stock traded hands, compared to its average volume of 1,025,113. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. Stagwell Inc. has a 1 year low of $4.03 and a 1 year high of $8.18. The firm has a 50-day moving average price of $4.95 and a 200-day moving average price of $5.40. The company has a market cap of $1.47 billion, a PE ratio of 11.83 and a beta of 1.41.

Stagwell (NASDAQ:STGW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $706.82 million for the quarter, compared to analyst estimates of $696.03 million. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Equities analysts anticipate 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. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 target price on shares of Stagwell in a research note on Monday, July 28th. Morgan Stanley cut their price objective on shares of Stagwell from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company cut their price objective on shares of Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Wall Street Zen raised Stagwell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $6.36 target price on shares of Stagwell in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $8.17.

Insider Transactions at Stagwell

In other news, CEO Mark Jeffery Penn acquired 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were acquired 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 owned 9,014,055 shares in the company, valued at approximately $43,898,447.85. This trade represents a 0.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eli Samaha acquired 425,757 shares of the stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $4.27 per share, for a total transaction of $1,817,982.39. Following the completion of the transaction, the director owned 7,774,322 shares of the company's stock, valued at $33,196,354.94. This trade represents a 5.79% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 702,193 shares of company stock worth $3,044,496 over the last three months. 3.80% of the stock is currently owned by insiders.

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.