UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 98,367 Shares of Stagwell Inc. (NASDAQ:STGW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305,467 shares of the company's stock after purchasing an additional 98,367 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Stagwell worth $2,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STGW. Squarepoint Ops LLC purchased a new stake in Stagwell during the fourth quarter valued at about $96,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Stagwell during the fourth quarter valued at about $69,000. Point72 Asset Management L.P. purchased a new stake in Stagwell during the fourth quarter valued at about $234,000. ProShare Advisors LLC boosted 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 buying an additional 6,929 shares during the period. Finally, Millennium Management LLC boosted its position in Stagwell by 123.4% during the fourth quarter. Millennium Management LLC now owns 99,655 shares of the company's stock valued at $656,000 after buying an additional 55,049 shares during the period. Institutional investors own 35.61% of the company's stock.

Stagwell Trading Up 4.4%

STGW stock traded up $0.21 during trading on Wednesday, reaching $5.00. The company had a trading volume of 2,125,003 shares, compared to its average volume of 649,068. Stagwell Inc. has a 52 week low of $4.03 and a 52 week high of $8.18. The company has a market cap of $1.34 billion, a P/E ratio of -500.00 and a beta of 1.44. The business has a 50 day moving average of $5.12 and a 200 day moving average of $6.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Stagwell (NASDAQ:STGW - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.05). Stagwell had a return on equity of 8.03% and a net margin of 0.01%. The company had revenue of $651.74 million during the quarter, compared to the consensus estimate of $686.46 million. During the same period in the previous year, the company earned $0.16 earnings per share. Stagwell's quarterly revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Stagwell

In other news, Director Charlene Barshefsky acquired 24,350 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average cost of $4.30 per share, for a total transaction of $104,705.00. Following the acquisition, the director now directly owns 185,316 shares in the company, valued at approximately $796,858.80. The trade was a 15.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eli Samaha acquired 425,757 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average price of $4.27 per share, with a total value of $1,817,982.39. Following the completion of the acquisition, the director now owns 7,774,322 shares in the company, valued at $33,196,354.94. The trade was a 5.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 702,193 shares of company stock valued at $3,044,496. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

STGW has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $9.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 target price on shares of Stagwell in a report on Thursday, April 3rd. Wells Fargo & Company dropped their target price on shares of Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Benchmark lowered shares of Stagwell from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Stagwell currently has an average rating of "Moderate Buy" and a consensus price target of $8.60.

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.