Stagwell (NASDAQ:STGW) Earns "Buy" Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Stagwell (NASDAQ:STGW - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $6.36 price target on the stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lowered their price target on Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Benchmark cut shares of Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th.

Stagwell Stock Down 0.3%

Shares of NASDAQ STGW traded down $0.02 during mid-day trading on Tuesday, reaching $5.23. The company had a trading volume of 768,666 shares, compared to its average volume of 984,039. Stagwell has a twelve month low of $4.03 and a twelve month high of $8.18. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $1.40 billion, a PE ratio of -522.50 and a beta of 1.39. The stock's 50 day moving average is $4.66 and its 200-day moving average is $5.52.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). The business had revenue of $651.74 million for the quarter, compared to analyst estimates of $686.46 million. Stagwell had a return on equity of 15.38% and a net margin of 0.02%. The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, equities analysts anticipate that Stagwell will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Stagwell news, Director Eli Samaha purchased 425,757 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was purchased at an average price of $4.27 per share, for a total transaction of $1,817,982.39. Following the completion of the purchase, the director directly owned 7,774,322 shares in the company, valued at approximately $33,196,354.94. This trade represents a 5.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charlene Barshefsky purchased 24,350 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $4.30 per share, with a total value of $104,705.00. Following the purchase, the director owned 185,316 shares of the company's stock, valued at approximately $796,858.80. This trade represents a 15.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 702,193 shares of company stock worth $3,044,496 over the last quarter. Company insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Stagwell by 47.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,467 shares of the company's stock worth $2,010,000 after purchasing an additional 98,367 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Stagwell during the first quarter worth approximately $200,000. Prudential Financial Inc. acquired a new stake in shares of Stagwell during the fourth quarter worth approximately $442,000. BNP Paribas Financial Markets acquired a new stake in shares of Stagwell during the fourth quarter worth approximately $75,000. Finally, Advisor Resource Council acquired a new stake in shares of Stagwell during the first quarter worth approximately $608,000. 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.