Stagwell Inc. (NASDAQ:STGW) is My Personal CFO LLC's 4th Largest Position

My Personal CFO LLC raised its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 153.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,333,440 shares of the company's stock after purchasing an additional 807,505 shares during the period. Stagwell accounts for approximately 5.8% of My Personal CFO LLC's portfolio, making the stock its 4th biggest holding. My Personal CFO LLC owned approximately 0.49% of Stagwell worth $8,841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STGW. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Stagwell by 89.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 733,573 shares of the company's stock worth $3,440,000 after purchasing an additional 345,669 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Stagwell in the 3rd quarter worth $654,000. Graham Capital Management L.P. raised its holdings in shares of Stagwell by 186.9% during the 3rd quarter. Graham Capital Management L.P. now owns 68,231 shares of the company's stock worth $320,000 after acquiring an additional 44,450 shares during the period. Advisor Resource Council acquired a new position in shares of Stagwell during the 4th quarter valued at about $260,000. Finally, Foundry Partners LLC purchased a new stake in shares of Stagwell in the third quarter valued at about $3,568,000. Institutional investors and hedge funds own 35.61% of the company's stock.

Insider Transactions at Stagwell

In related news, CEO Mark Jeffery Penn bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,480,469 shares in the company, valued at approximately $12,898,438.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mark Jeffery Penn bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased 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 owns 2,480,469 shares of the company's stock, valued at $12,898,438.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wade Oosterman purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $5.04 per share, with a total value of $25,200.00. Following 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. Corporate insiders own 4.90% of the company's stock.

Stagwell Trading Down 4.3 %

Shares of NASDAQ STGW traded down $0.27 during trading on Monday, reaching $5.95. The stock had a trading volume of 450,532 shares, compared to its average volume of 516,121. The business's 50-day moving average price is $6.20 and its 200-day moving average price is $5.57. Stagwell Inc. has a fifty-two week low of $3.83 and a fifty-two week high of $8.59. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $1.60 billion, a P/E ratio of -198.33 and a beta of 1.06.

Stagwell (NASDAQ:STGW - Get Free Report) last issued its quarterly earnings results 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 7.38% and a negative net margin of 0.09%. The business had revenue of $654.90 million for the quarter, compared to analyst estimates of $683.12 million. During the same period in the prior year, the company posted $0.22 EPS. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities research analysts predict that Stagwell Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STGW. Needham & Company LLC reaffirmed a "buy" rating and set a $7.50 target price on shares of Stagwell in a research note on Wednesday, February 28th. TheStreet upgraded Stagwell from a "d+" rating to a "c-" rating in a research report on Wednesday, March 6th. Finally, Benchmark restated a "buy" rating and issued a $6.50 target price on shares of Stagwell in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $8.11.

About Stagwell

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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