300,362 Shares in Stagwell Inc. $STGW Acquired by Nuveen LLC

Key Points

• Nuveen LLC has taken a new position in Stagwell Inc. by acquiring approximately 300,362 shares, valued at around $1.82 million, representing 0.11% ownership of the company.
• Analysts have mixed ratings on Stagwell, with Wells Fargo lowering its price target to $8.00 and a consensus average price target now at $8.17, indicating a "Moderate Buy" rating.
• Insider activity was notable, as Director Charlene Barshefsky and Director Eli Samaha made substantial stock purchases, increasing their ownership by 15.13% and 5.79%, respectively.

Nuveen LLC purchased a new stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 300,362 shares of the company's stock, valued at approximately $1,817,000. Nuveen LLC owned 0.11% of Stagwell at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in Stagwell in the 4th quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Stagwell in the fourth quarter worth $69,000. BNP Paribas Financial Markets purchased a new position in shares of Stagwell during the fourth quarter valued at $75,000. Teacher Retirement System of Texas acquired a new position in Stagwell during the first quarter valued at $86,000. Finally, Squarepoint Ops LLC acquired a new position in Stagwell during the fourth quarter valued at $96,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

Insider Activity

In other Stagwell news, Director Eli Samaha purchased 240,000 shares of the stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of $4.43 per share, with a total value of $1,063,200.00. Following the acquisition, the director directly owned 8,014,322 shares of the company's stock, valued at $35,503,446.46. This represents a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Benchmark lowered shares of Stagwell from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Zacks Research upgraded shares of Stagwell from a "strong sell" rating to a "hold" rating in a report on Monday. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research note on Monday, July 28th. Finally, Wall Street Zen lowered shares of Stagwell from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stagwell presently has an average rating of "Moderate Buy" and a consensus target price of $8.17.

Stagwell Stock Up 1.3%

NASDAQ:STGW traded up $0.08 during trading hours on Wednesday, reaching $5.67. The company's stock had a trading volume of 249,089 shares, compared to its average volume of 1,027,397. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 12.00 and a beta of 1.47. Stagwell Inc. has a one year low of $4.03 and a one year high of $8.18. The business's 50-day moving average is $5.19 and its 200-day moving average is $5.35. 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 (NASDAQ:STGW - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $696.03 million. During the same period in the previous year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Equities research analysts predict that Stagwell Inc. will post 0.59 EPS for the current 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.