Russell Investments Group Ltd. increased its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 63.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 473,926 shares of the company's stock after buying an additional 184,769 shares during the period. Russell Investments Group Ltd. owned 0.18% of Stagwell worth $2,867,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Stagwell in the first quarter worth approximately $1,817,000. National Bank of Canada FI increased its holdings in Stagwell by 22.3% in the first quarter. National Bank of Canada FI now owns 365,971 shares of the company's stock worth $2,214,000 after buying an additional 66,847 shares during the last quarter. Swiss National Bank increased its holdings in Stagwell by 1.5% in the first quarter. Swiss National Bank now owns 178,100 shares of the company's stock worth $1,078,000 after buying an additional 2,600 shares during the last quarter. Vanguard Group Inc. increased its holdings in Stagwell by 2.8% in the first quarter. Vanguard Group Inc. now owns 5,548,288 shares of the company's stock worth $33,567,000 after buying an additional 149,020 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Stagwell by 220.5% during the first quarter. XTX Topco Ltd now owns 53,340 shares of the company's stock valued at $323,000 after purchasing an additional 36,696 shares during the last quarter. Institutional investors and hedge funds own 35.61% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on the company. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 price target on shares of Stagwell in a report on Monday, July 28th. Benchmark downgraded Stagwell from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $6.36 price target on shares of Stagwell in a report on Tuesday, July 22nd. Wells Fargo & Company lowered their price target on Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Wall Street Zen downgraded Stagwell from a "buy" rating to a "hold" rating in a report on Friday. 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $8.17.
View Our Latest Research Report on STGW
Insider Buying and Selling at Stagwell
In related news, Director Charlene Barshefsky acquired 24,350 shares of the stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of $4.30 per share, for a total transaction of $104,705.00. Following the completion of the purchase, the director owned 185,316 shares in the company, valued at approximately $796,858.80. The trade was a 15.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eli Samaha acquired 240,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $4.43 per share, for a total transaction of $1,063,200.00. Following the purchase, the director owned 8,014,322 shares of the company's stock, valued at $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 90 days, insiders bought 690,107 shares of company stock worth $2,985,887. 3.80% of the stock is currently owned by corporate insiders.
Stagwell Trading Up 4.0%
Shares of Stagwell stock opened at $5.75 on Monday. The company's fifty day simple moving average is $5.02 and its 200-day simple moving average is $5.38. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 12.23 and a beta of 1.41. 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.
Stagwell (NASDAQ:STGW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $706.82 million during 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 company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, sell-side analysts expect that Stagwell Inc. will post 0.59 EPS for the current year.
Stagwell Profile
(
Free Report)
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.
Further Reading
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