Stagwell Inc. (NASDAQ:STGW) Receives $7.75 Consensus Target Price from Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.10.

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

Stagwell Stock Performance

Shares of NASDAQ STGW opened at $6.85 on Monday. The company has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $6.69. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1.84 billion, a PE ratio of -228.33 and a beta of 1.34. Stagwell has a 12 month low of $3.83 and a 12 month high of $7.50.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning raised its position in shares of Stagwell by 88.9% in the 3rd quarter. Creative Planning now owns 40,074 shares of the company’s stock valued at $281,000 after purchasing an additional 18,863 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Stagwell in the third quarter worth $153,000. Quarry LP acquired a new stake in Stagwell in the second quarter valued at $29,000. Lighthouse Investment Partners LLC bought a new position in Stagwell during the 2nd quarter valued at $2,316,000. Finally, The Manufacturers Life Insurance Company boosted its stake in 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 last quarter. Hedge funds and other 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.