Stagwell Inc. (NASDAQ:STGW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.79.

Several equities research analysts have commented on STGW shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $8.00 price objective on shares of Stagwell in a report on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a research note on Friday, August 2nd. The Goldman Sachs Group began coverage on shares of Stagwell in a report on Tuesday, June 25th. They set a “neutral” rating and a $6.50 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $8.50 price target on shares of Stagwell in a report on Wednesday, August 14th.

Stagwell Trading Down 0.5 %

STGW opened at $7.33 on Thursday. The company has a fifty day moving average price of $6.81 and a two-hundred day moving average price of $6.51. Stagwell has a 1-year low of $3.83 and a 1-year high of $7.48. The company has a market cap of $1.97 billion, a P/E ratio of -244.33 and a beta of 1.35. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $671.20 million during the quarter, compared to the consensus estimate of $666.61 million. Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.06%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. Analysts predict that Stagwell will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Stagwell

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Stagwell in the 2nd quarter worth $29,000. Hsbc Holdings PLC increased its position in Stagwell by 25.1% in the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after buying an additional 3,360 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Stagwell by 39.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,093 shares of the company’s stock worth $113,000 after buying an additional 4,807 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Stagwell by 44.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,875 shares of the company’s stock valued at $197,000 after buying an additional 8,875 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Stagwell by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after acquiring an additional 4,961 shares during the period. Institutional investors own 35.61% of the company’s stock.

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.