Stagwell (NASDAQ:STGW) Stock Price Down 5.3% - Should You Sell?

Shares of Stagwell Inc. (NASDAQ:STGW - Get Free Report) traded down 5.3% during trading on Monday . The stock traded as low as $4.18 and last traded at $4.23. 166,629 shares were traded during trading, a decline of 71% from the average session volume of 579,103 shares. The stock had previously closed at $4.46.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Benchmark downgraded Stagwell from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company dropped their target price on shares of Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Rosenblatt Securities restated a "buy" rating and issued a $10.00 price target on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Needham & Company LLC restated a "buy" rating and set a $9.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.60.

Stagwell Stock Performance

The firm has a market capitalization of $1.14 billion, a PE ratio of -427.00 and a beta of 1.51. The business has a 50-day simple moving average of $5.27 and a 200-day simple moving average of $6.19. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.05). The business had revenue of $651.74 million for the quarter, compared to analysts' expectations of $686.46 million. Stagwell had a net margin of 0.01% and a return on equity of 8.03%. Stagwell's revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. Equities research analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Stagwell

In other Stagwell news, CEO Mark Jeffery Penn acquired 10,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $4.87 per share, for a total transaction of $48,700.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky bought 24,350 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of $4.30 per share, with a total value of $104,705.00. Following the purchase, the director now 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 disclosure for this purchase can be found here. Insiders have bought 36,436 shares of company stock valued at $163,314 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stagwell

Several large investors have recently added to or reduced their stakes in STGW. Quarry LP acquired a new position in shares of Stagwell during the fourth quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Stagwell during the 4th quarter valued at approximately $69,000. Vident Advisory LLC purchased a new stake in shares of Stagwell during the first quarter worth approximately $64,000. BNP Paribas Financial Markets acquired a new stake in shares of Stagwell in the 4th quarter worth $75,000. Finally, AQR Capital Management LLC acquired a new position in shares of Stagwell during the first quarter worth about $74,000. 35.61% of the stock is owned by hedge funds and other institutional investors.

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.