Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Charlene Barshefsky purchased 24,350 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of $4.30 per share, for a total transaction of $104,705.00. Following the purchase, the director now directly owns 185,316 shares in the company, valued at approximately $796,858.80. The trade was a 15.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Stagwell Price Performance
Stagwell stock traded up $0.20 during midday trading on Friday, reaching $4.49. 970,465 shares of the stock traded hands, compared to its average volume of 628,912. The stock has a market cap of $1.20 billion, a P/E ratio of -449.50 and a beta of 1.44. The stock's fifty day moving average is $5.20 and its 200-day moving average is $6.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 12 month low of $4.03 and a 12 month high of $8.18.
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 analysts' consensus estimates 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 the consensus estimate of $686.46 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm's revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Stagwell Inc. will post 0.59 EPS for the current year.
Institutional Trading of Stagwell
Several hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new stake in Stagwell during the first quarter worth approximately $513,000. Jane Street Group LLC increased its position in shares of Stagwell by 36.0% during the 1st quarter. Jane Street Group LLC now owns 123,000 shares of the company's stock valued at $744,000 after purchasing an additional 32,546 shares during the last quarter. Optimize Financial Inc raised its holdings in Stagwell by 15.1% during the 1st quarter. Optimize Financial Inc now owns 35,390 shares of the company's stock valued at $214,000 after buying an additional 4,635 shares during the period. Ascent Group LLC bought a new stake in Stagwell in the first quarter worth $215,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Stagwell during the first quarter worth $137,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on STGW shares. Benchmark cut Stagwell from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company cut their target price on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Stagwell presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.60.
Check Out Our Latest Research Report on Stagwell
About Stagwell
(
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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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