Stagwell Inc. (NASDAQ:STGW - Get Free Report) was down 5.1% during trading on Friday . The stock traded as low as $5.33 and last traded at $5.29. Approximately 443,846 shares changed hands during trading, a decline of 56% from the average daily volume of 1,017,016 shares. The stock had previously closed at $5.57.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on STGW. Needham & Company LLC reaffirmed a "buy" rating and set a $6.36 price target on shares of Stagwell in a report on Tuesday, July 22nd. Wall Street Zen cut shares of Stagwell from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price target on shares of Stagwell in a research note on Monday, July 28th. Morgan Stanley decreased their price target on Stagwell from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Zacks Research upgraded Stagwell from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $8.17.
Get Our Latest Stock Report on STGW
Stagwell Stock Down 0.8%
The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 11.30 and a beta of 1.47. The stock's 50-day moving average is $5.38 and its 200-day moving average is $5.28.
Stagwell (NASDAQ:STGW - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The firm had revenue of $706.82 million for the quarter, compared to analyst estimates of $696.03 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.Stagwell's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.
Institutional Trading of Stagwell
Several hedge funds and other institutional investors have recently modified their holdings of STGW. Parkside Financial Bank & Trust raised its position in shares of Stagwell by 43.0% in the second quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company's stock worth $45,000 after buying an additional 3,003 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Stagwell by 311.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company's stock valued at $49,000 after acquiring an additional 8,170 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Stagwell by 51.6% during the second quarter. Ameritas Investment Partners Inc. now owns 11,790 shares of the company's stock worth $53,000 after purchasing an additional 4,013 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Stagwell in the first quarter worth approximately $64,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Stagwell in the second quarter valued at approximately $69,000. Institutional investors own 35.61% of the company's stock.
About Stagwell
(
Get Free Report)
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.
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