Insider Selling: Stagwell (NASDAQ:STGW) Director Sells 12,000 Shares of Stock

Key Points

• Director Desiree Rogers sold 12,000 Stagwell shares at an average $10.78 each, for $129,360; she retained 202,984 shares after the sale, a 5.58% reduction in her holding.
• Stagwell’s latest quarterly EPS of $0.34 beat analyst expectations of $0.31, while revenue of $816.03 million fell short of the $838.38 million consensus. Revenue nevertheless grew 9.8% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $11.67; several firms recently raised targets to $12–$13. Shares traded at $11.00 on Wednesday.

Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Desiree Rogers sold 12,000 shares of Stagwell stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total value of $129,360.00. Following the completion of the transaction, the director directly owned 202,984 shares of the company's stock, valued at $2,188,167.52. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Stagwell Price Performance

Shares of STGW traded up $0.24 during trading hours on Wednesday, hitting $11.00. 3,989,350 shares of the company were exchanged, compared to its average volume of 1,648,178. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. Stagwell Inc. has a fifty-two week low of $4.28 and a fifty-two week high of $11.35. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 275.07 and a beta of 1.23. The firm's fifty day moving average is $8.79 and its 200 day moving average is $7.22.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $816.03 million during the quarter, compared to the consensus estimate of $838.38 million. Stagwell had a return on equity of 29.37% and a net margin of 0.31%. Stagwell's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts anticipate that Stagwell Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

STGW has been the topic of a number of research analyst reports. B. Riley Financial restated a "buy" rating and issued a $12.00 target price (up from $10.00) on shares of Stagwell in a research report on Friday, October 30th. Wall Street Zen downgraded shares of Stagwell from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 25th. Rosenblatt Securities increased their price target on Stagwell from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, October 30th. Needham & Company LLC raised their price objective on Stagwell from $10.00 to $12.00 and gave the company a "buy" rating in a report on Friday, October 30th. Finally, Weiss Ratings upgraded shares of Stagwell from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STGW. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Stagwell during the third quarter worth $87,000. Counterpoint Mutual Funds LLC bought a new position in Stagwell during the third quarter worth $683,000. State of Alaska Department of Revenue raised its stake in Stagwell by 5.1% during the third quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company's stock worth $282,000 after buying an additional 1,693 shares during the last quarter. Tidal Investments LLC acquired a new position in Stagwell in the second quarter valued at $117,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Stagwell in the second quarter valued at $52,000. Institutional investors and hedge funds own 35.61% of the company's stock.

About Stagwell

Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.

The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.