Stagwell (NASDAQ:STGW) PT Raised to $9.00

Stagwell (NASDAQ:STGW) had its target price hoisted by Benchmark from $6.50 to $9.00 in a research report report published on Thursday, Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. TheStreet upgraded Stagwell from a d+ rating to a c- rating in a report on Wednesday, March 6th. Needham & Company LLC reissued a buy rating and set a $7.50 target price on shares of Stagwell in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Stagwell has an average rating of Moderate Buy and an average target price of $8.06.

Stagwell Price Performance

STGW stock traded down $0.23 during trading on Thursday, hitting $6.90. 692,394 shares of the company’s stock traded hands, compared to its average volume of 639,891. Stagwell has a 52 week low of $3.83 and a 52 week high of $8.59. The business has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $5.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.75 and a quick ratio of 0.75.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $654.90 million during the quarter, compared to the consensus estimate of $683.12 million. Stagwell had a negative net margin of 0.16% and a positive return on equity of 7.35%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. On average, equities analysts forecast that Stagwell will post 0.75 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mark Jeffery Penn bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $5.20 per share, with a total value of $52,000.00. Following the transaction, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at $12,898,438.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Mark Jeffery Penn purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $5.20 per share, with a total value of $52,000.00. Following the completion of the transaction, the chief executive officer now owns 2,480,469 shares in the company, valued at approximately $12,898,438.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wade Oosterman acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the transaction, the director now owns 128,204 shares in the company, valued at $646,148.16. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Stagwell

Institutional investors have recently made changes to their positions in the business. My Personal CFO LLC boosted its holdings in Stagwell by 153.5% in the fourth quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock worth $8,841,000 after acquiring an additional 807,505 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Stagwell by 89.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 733,573 shares of the company’s stock valued at $3,440,000 after purchasing an additional 345,669 shares during the last quarter. Advisor Resource Council acquired a new stake in Stagwell in the 4th quarter worth approximately $260,000. Trexquant Investment LP purchased a new stake in Stagwell during the 3rd quarter worth approximately $654,000. Finally, Graham Capital Management L.P. increased its stake in Stagwell by 186.9% during the 3rd quarter. Graham Capital Management L.P. now owns 68,231 shares of the company’s stock valued at $320,000 after purchasing an additional 44,450 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

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)-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.