Stagwell Inc. (NASDAQ:STGW) Given Average Recommendation of "Moderate Buy" by Analysts

Stagwell Inc. (NASDAQ:STGW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $8.06.

Several equities research analysts recently issued reports on the company. Benchmark lifted their price objective on Stagwell from $6.50 to $9.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $7.50 price objective on shares of Stagwell in a report on Thursday, May 2nd. TheStreet upgraded Stagwell from a "d+" rating to a "c-" rating in a report on Wednesday, March 6th. Finally, B. Riley boosted their target price on Stagwell from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd.

Stagwell Price Performance

Shares of NASDAQ:STGW traded up $0.04 during trading on Friday, reaching $6.93. 334,274 shares of the company's stock traded hands, compared to its average volume of 547,014. Stagwell has a fifty-two week low of $3.83 and a fifty-two week high of $8.59. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.59. The firm has a market cap of $1.87 billion, a PE ratio of -230.33 and a beta of 1.09. The company has a 50-day simple moving average of $6.07 and a 200-day simple moving average of $5.95.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. The firm had revenue of $654.90 million during the quarter, compared to analyst estimates of $683.12 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company's quarterly revenue was down 7.5% on a year-over-year basis. As a group, analysts predict that Stagwell will post 0.72 earnings per share for the current year.

Insider Activity at Stagwell

In other news, Director Wade Oosterman purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the purchase, the director now directly owns 128,204 shares of the company's stock, valued at $646,148.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mark Jeffery Penn purchased 10,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,480,469 shares of the company's stock, valued at $12,898,438.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wade Oosterman purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the purchase, the director now directly owns 128,204 shares of the company's stock, valued at $646,148.16. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Stagwell

A number of large investors have recently modified their holdings of STGW. Parkside Financial Bank & Trust purchased a new stake in shares of Stagwell during the fourth quarter worth $30,000. New York State Teachers Retirement System increased its position in shares of Stagwell by 40.8% during the third quarter. New York State Teachers Retirement System now owns 9,611 shares of the company's stock worth $45,000 after acquiring an additional 2,787 shares during the period. AXQ Capital LP purchased a new stake in shares of Stagwell during the third quarter worth $53,000. Quarry LP purchased a new stake in shares of Stagwell during the fourth quarter worth $56,000. Finally, Laurion Capital Management LP purchased a new position in Stagwell in the third quarter valued at $59,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

Stagwell Company 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.