National Bank of Canada FI Has $2.21 Million 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 boosted its holdings in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) by 22.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,971 shares of the company's stock after buying an additional 66,847 shares during the period. 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.

Several other large investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake in Stagwell by 0.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company's stock valued at $4,095,000 after acquiring an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Stagwell by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock valued at $322,000 after acquiring an additional 1,892 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Stagwell by 0.6% during 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 in the last quarter. Swiss National Bank grew its stake in Stagwell by 1.5% during the 1st quarter. Swiss National Bank now owns 178,100 shares of the company's stock valued at $1,078,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Stagwell by 2.1% during the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company's stock valued at $1,188,000 after acquiring an additional 3,653 shares in the last quarter. 35.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mark Jeffery Penn bought 10,000 shares of Stagwell stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $4.87 per share, for a total transaction of $48,700.00. Following the acquisition, the chief executive officer owned 9,014,055 shares in the company, valued at $43,898,447.85. This trade represents a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eli Samaha bought 240,000 shares of Stagwell stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $4.43 per share, with a total value of $1,063,200.00. Following the completion of the acquisition, the director owned 8,014,322 shares in the company, valued at approximately $35,503,446.46. The trade was a 3.09% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 702,193 shares of company stock worth $3,044,496. 3.80% of the stock is currently owned by insiders.

Stagwell Stock Performance

STGW traded up $0.23 on Monday, hitting $5.79. The company had a trading volume of 386,765 shares, compared to its average volume of 1,027,671. The company's fifty day moving average price is $4.93 and its 200 day moving average price is $5.41. 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 1.90, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 11.83 and a beta of 1.41.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%. The company had revenue of $706.82 million during the quarter, compared to analyst estimates of $696.03 million. During the same quarter last year, the firm posted $0.14 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Benchmark cut Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company lowered their price target on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Needham & Company LLC reissued a "buy" rating and issued a $6.36 price target on shares of Stagwell in a research note on Tuesday, July 22nd. Wall Street Zen raised Stagwell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.