Stagwell (NASDAQ:STGW) Downgraded to Hold Rating by Benchmark

Benchmark downgraded shares of Stagwell (NASDAQ:STGW - Free Report) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.

Several other equities research analysts have also issued reports on STGW. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Finally, Wells Fargo & Company raised Stagwell from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $8.00 to $9.00 in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.60.

Stagwell Price Performance

STGW traded down $0.08 on Friday, hitting $5.28. 55,423 shares of the company's stock were exchanged, compared to its average volume of 539,638. Stagwell has a fifty-two week low of $4.69 and a fifty-two week high of $8.18. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average price of $5.62 and a 200-day moving average price of $6.41. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -529.40 and a beta of 1.51.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share 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 during the quarter, compared to analysts' expectations of $686.46 million. During the same quarter last year, the business earned $0.16 earnings per share. The business's quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Stagwell will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Stagwell

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Stagwell in the fourth quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Stagwell in the fourth quarter valued at about $69,000. BNP Paribas Financial Markets acquired a new position in Stagwell during the fourth quarter worth about $75,000. Teacher Retirement System of Texas purchased a new stake in shares of Stagwell during the 1st quarter valued at $86,000. Finally, Squarepoint Ops LLC acquired a new position in Stagwell in the 4th quarter worth $96,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

About Stagwell

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.