Stagwell (NASDAQ:STGW) Sets New 1-Year Low - What's Next?

Stagwell Inc. (NASDAQ:STGW - Get Free Report)'s share price hit a new 52-week low during trading on Saturday . The company traded as low as $4.69 and last traded at $4.86, with a volume of 2638148 shares changing hands. The stock had previously closed at $4.99.

Analyst Ratings Changes

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

Stagwell Stock Down 1.2%

The business has a fifty day moving average of $5.62 and a 200 day moving average 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. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

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 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 the consensus estimate of $686.46 million. During the same period in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts predict that Stagwell Inc. will post 0.59 earnings per share for the current year.

Institutional Trading of Stagwell

Several institutional investors and hedge funds have recently added to or reduced their stakes in STGW. Jacobs Levy Equity Management Inc. grew its position in shares of Stagwell by 0.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company's stock worth $4,095,000 after buying an additional 1,759 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Stagwell by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock worth $322,000 after acquiring an additional 1,892 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Stagwell by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock worth $2,312,000 after purchasing an additional 1,974 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Stagwell by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock worth $230,000 after purchasing an additional 2,378 shares in the last quarter. Finally, Swiss National Bank raised its stake in Stagwell by 1.5% in the 1st quarter. Swiss National Bank now owns 178,100 shares of the company's stock valued at $1,078,000 after acquiring an additional 2,600 shares during the period. 35.61% of the stock is owned by institutional investors.

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.