Stagwell (NASDAQ:STGW) Hits New 1-Year Low at $4.48

Stagwell Inc. (NASDAQ:STGW)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.48 and last traded at $4.53, with a volume of 215477 shares. The stock had previously closed at $4.68.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STGW. The Goldman Sachs Group reduced their target price on shares of Stagwell from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, August 11th. Rosenblatt Securities reissued a “buy” rating and issued a $9.00 target price on shares of Stagwell in a report on Tuesday. Morgan Stanley started coverage on shares of Stagwell in a report on Wednesday, June 28th. They set an “equal weight” rating and a $9.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Stagwell in a report on Wednesday, August 9th. Finally, Stephens lowered shares of Stagwell from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $11.00 to $8.00 in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.25.

Stagwell Stock Down 0.9 %

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $1.24 billion, a P/E ratio of -234.25 and a beta of 1.09. The business has a 50-day moving average price of $6.01 and a 200 day moving average price of $6.51.

Stagwell (NASDAQ:STGW) last posted its earnings results on Tuesday, August 8th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The firm had revenue of $632.27 million during the quarter, compared to analysts’ expectations of $658.88 million. On average, equities analysts expect that Stagwell Inc. will post 0.7 EPS for the current fiscal year.

Insider Activity

In other news, President Jay Leveton bought 7,540 shares of the stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $4.89 per share, for a total transaction of $36,870.60. Following the transaction, the president now owns 491,825 shares of the company’s stock, valued at $2,405,024.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of Stagwell

A number of institutional investors have recently bought and sold shares of STGW. State of Wyoming bought a new stake in Stagwell in the second quarter worth $28,000. C M Bidwell & Associates Ltd. bought a new stake in Stagwell in the first quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Stagwell in the second quarter worth $33,000. Tower Research Capital LLC TRC lifted its position in Stagwell by 75.9% in the third quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the company’s stock worth $34,000 after buying an additional 2,127 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Stagwell in the second quarter worth $49,000. 97.86% of the stock is currently owned by institutional investors.

About Stagwell

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)-based communications technology, cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.