Strs Ohio bought a new stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,800 shares of the company's stock, valued at approximately $513,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock valued at $322,000 after purchasing an additional 1,892 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Stagwell by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock valued at $2,312,000 after purchasing an additional 1,974 shares in the last quarter. Swiss National Bank lifted its position in Stagwell by 1.5% during the first quarter. Swiss National Bank now owns 178,100 shares of the company's stock valued at $1,078,000 after purchasing an additional 2,600 shares in the last quarter. Optimize Financial Inc lifted its position in Stagwell by 15.1% during the first quarter. Optimize Financial Inc now owns 35,390 shares of the company's stock valued at $214,000 after purchasing an additional 4,635 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Stagwell by 20.2% during the fourth quarter. ProShare Advisors LLC now owns 41,307 shares of the company's stock valued at $272,000 after purchasing an additional 6,929 shares in the last quarter. 35.61% of the stock is currently owned by hedge funds and other institutional investors.
Stagwell Trading Up 5.7%
NASDAQ STGW traded up $0.29 during trading hours on Monday, hitting $5.38. 1,872,982 shares of the company were exchanged, compared to its average volume of 1,042,211. The stock has a 50-day moving average price of $5.42 and a 200 day moving average price of $5.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.90. Stagwell Inc. has a 52 week low of $4.03 and a 52 week high of $8.18. The stock has a market cap of $1.39 billion, a PE ratio of 10.83 and a beta of 1.47.
Stagwell (NASDAQ:STGW - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $696.03 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company's revenue was up 5.3% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Stagwell from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 target price on shares of Stagwell in a research report on Monday, July 28th. Morgan Stanley cut their target price on Stagwell from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Zacks Research upgraded Stagwell from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $6.36 target price on shares of Stagwell in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Stagwell has a consensus rating of "Moderate Buy" and an average price target of $8.17.
View Our Latest Analysis on Stagwell
About Stagwell
(
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.
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