Stagwell Inc. (NASDAQ:STGW) Director Buys $1,817,982.39 in Stock

Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Eli Samaha acquired 425,757 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $4.27 per share, with a total value of $1,817,982.39. Following the completion of the purchase, the director now owns 7,774,322 shares in the company, valued at approximately $33,196,354.94. This trade represents a 5.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Eli Samaha also recently made the following trade(s):

• On Thursday, June 5th, Eli Samaha acquired 240,000 shares of Stagwell stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $1,063,200.00.

Stagwell Stock Performance

Shares of NASDAQ:STGW traded up $0.20 during trading on Friday, hitting $4.49. 1,853,209 shares of the stock traded hands, compared to its average volume of 808,359. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The company has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $6.15. 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 $1.20 billion, a price-to-earnings ratio of -449.00 and a beta of 1.44.

Stagwell (NASDAQ:STGW - Get Free Report) last released its quarterly 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). Stagwell had a net margin of 0.01% and a return on equity of 8.03%. The firm had revenue of $651.74 million for the quarter, compared to analyst estimates of $686.46 million. During the same quarter in the prior year, the business posted $0.16 EPS. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that Stagwell Inc. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Stagwell

Hedge funds have recently modified their holdings of the company. Portfolio Design Labs LLC purchased a new position in shares of Stagwell in the 4th quarter valued at about $271,000. Principal Financial Group Inc. increased its position in shares of Stagwell by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock valued at $230,000 after buying an additional 2,378 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Stagwell by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company's stock valued at $10,609,000 after buying an additional 6,992 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Stagwell by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company's stock worth $5,269,000 after buying an additional 6,742 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Stagwell by 185.7% during the 4th quarter. Victory Capital Management Inc. now owns 38,735 shares of the company's stock valued at $255,000 after buying an additional 25,177 shares in the last quarter. 35.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on STGW shares. Needham & Company LLC restated a "buy" rating and set a $9.00 target price on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. Finally, Benchmark downgraded Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.60.

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.

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