Stagwell Inc. (NASDAQ:STGW) Director Purchases $104,705.00 in Stock

Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Charlene Barshefsky purchased 24,350 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of $4.30 per share, for a total transaction of $104,705.00. Following the completion of the purchase, the director now directly owns 185,316 shares of the company's stock, valued at $796,858.80. The trade was a 15.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stagwell Stock Performance

STGW traded up $0.20 during midday trading on Friday, reaching $4.49. The company had a trading volume of 1,853,209 shares, compared to its average volume of 629,980. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $1.20 billion, a PE ratio of -449.00 and a beta of 1.44. Stagwell Inc. has a 12-month low of $4.03 and a 12-month high of $8.18. The business has a 50-day moving average price of $5.17 and a two-hundred day moving average price of $6.12.

Stagwell (NASDAQ:STGW - Get Free Report) last issued its quarterly 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). The company had revenue of $651.74 million during 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%. Stagwell's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. On average, sell-side analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stagwell

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Stagwell during the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Stagwell in the fourth quarter worth about $69,000. Vident Advisory LLC purchased a new stake in Stagwell in the first quarter worth about $64,000. BNP Paribas Financial Markets bought a new position in Stagwell in the fourth quarter worth about $75,000. Finally, AQR Capital Management LLC bought a new position in Stagwell in the first quarter worth about $74,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

Analyst Ratings Changes

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