Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Eli Samaha acquired 425,757 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $4.27 per share, with a total value of $1,817,982.39. Following the completion of the transaction, the director now owns 7,774,322 shares in the company, valued at $33,196,354.94. This represents a 5.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Eli Samaha also recently made the following trade(s):
- On Thursday, June 5th, Eli Samaha bought 240,000 shares of Stagwell stock. The shares were acquired at an average cost of $4.43 per share, for a total transaction of $1,063,200.00.
Stagwell Trading Up 1.3%
Shares of NASDAQ:STGW traded up $0.06 during trading on Monday, reaching $4.55. The stock had a trading volume of 1,559,644 shares, compared to its average volume of 633,711. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -455.00 and a beta of 1.44. Stagwell Inc. has a 52 week low of $4.03 and a 52 week high of $8.18. The firm's fifty day moving average is $5.14 and its 200 day moving average is $6.08. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.
Stagwell (NASDAQ:STGW - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). The company had revenue of $651.74 million for the quarter, compared to the consensus estimate of $686.46 million. Stagwell had a return on equity of 8.03% and a net margin of 0.01%. The firm's revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, equities analysts forecast that Stagwell Inc. will post 0.59 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in Stagwell during the first quarter worth $513,000. Jane Street Group LLC boosted its stake in Stagwell by 36.0% during the first quarter. Jane Street Group LLC now owns 123,000 shares of the company's stock worth $744,000 after acquiring an additional 32,546 shares in the last quarter. Optimize Financial Inc boosted its stake in Stagwell by 15.1% during the first quarter. Optimize Financial Inc now owns 35,390 shares of the company's stock worth $214,000 after acquiring an additional 4,635 shares in the last quarter. Ascent Group LLC bought a new position in Stagwell during the first quarter worth $215,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Stagwell during the first quarter worth $137,000. 35.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on STGW. Wells Fargo & Company reduced their price objective on shares of Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Benchmark lowered shares of 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.60.
View Our Latest Stock Report on STGW
About Stagwell
(
Get Free Report)
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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