Stagwell (NASDAQ:STGW) Stock Price Down 5.7% - Time to Sell?

Shares of Stagwell Inc. (NASDAQ:STGW - Get Free Report) traded down 5.7% during trading on Friday . The company traded as low as $4.59 and last traded at $4.56. 320,258 shares changed hands during trading, a decline of 51% from the average session volume of 652,048 shares. The stock had previously closed at $4.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on STGW shares. 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 note on Monday, May 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Benchmark downgraded Stagwell from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $9.00 target price on shares of Stagwell in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.60.

Stagwell Price Performance

The stock's 50 day moving average price is $5.09 and its two-hundred day moving average price is $5.97. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -449.00 and a beta of 1.44.

Stagwell (NASDAQ:STGW - Get Free Report) last issued 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 return on equity of 8.03% and a net margin of 0.01%. The firm had revenue of $651.74 million during the quarter, compared to analyst estimates of $686.46 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Stagwell's quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Stagwell Inc. will post 0.59 EPS for the current year.

Insider Transactions at Stagwell

In related news, Director Eli Samaha bought 425,757 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $1,817,982.39. Following the purchase, the director now directly owns 7,774,322 shares in the company, valued at $33,196,354.94. This trade represents a 5.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Jeffery Penn bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $4.87 per share, with a total value of $48,700.00. Following the completion of the purchase, the chief executive officer now owns 9,014,055 shares in the company, valued at approximately $43,898,447.85. The trade was a 0.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 702,193 shares of company stock worth $3,044,496. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Stagwell

Large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of Stagwell in the 1st quarter valued at $513,000. Jane Street Group LLC raised its stake in shares of Stagwell by 36.0% in the 1st quarter. Jane Street Group LLC now owns 123,000 shares of the company's stock valued at $744,000 after buying an additional 32,546 shares in the last quarter. Optimize Financial Inc raised its stake in shares of Stagwell by 15.1% in 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 in the last quarter. Ascent Group LLC acquired a new position in shares of Stagwell in the 1st quarter valued at $215,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Stagwell in the 1st quarter valued at $137,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.