Stagwell (NASDAQ:STGW) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Stagwell (NASDAQ:STGW) in a research report report published on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $6.50 price objective on the stock.

STGW has been the subject of several other reports. B. Riley increased their price objective on Stagwell from $9.00 to $10.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. TheStreet raised Stagwell from a d+ rating to a c- rating in a research note on Wednesday, March 6th. Rosenblatt Securities reissued a buy rating and issued a $8.00 price objective on shares of Stagwell in a research note on Monday. Needham & Company LLC reissued a buy rating and issued a $7.50 price objective on shares of Stagwell in a research note on Thursday, May 2nd. Finally, Benchmark increased their price objective on Stagwell from $6.50 to $9.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $7.78.

Stagwell Trading Up 2.3 %

Shares of NASDAQ STGW opened at $6.75 on Tuesday. Stagwell has a 12 month low of $3.83 and a 12 month high of $8.59. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -225.00 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $6.35.

Stagwell (NASDAQ:STGW) last announced its earnings results on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Stagwell had a negative net margin of 0.16% and a positive return on equity of 7.31%. The company had revenue of $670.06 million for the quarter, compared to analysts’ expectations of $633.45 million. Sell-side analysts predict that Stagwell will post 0.64 EPS for the current year.

Insider Buying and Selling at Stagwell

In other Stagwell news, Director Bradley J. Gross sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the director now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company’s stock.

Institutional Trading of Stagwell

Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new stake in shares of Stagwell in the 4th quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Stagwell in the 4th quarter worth approximately $56,000. Handelsbanken Fonder AB bought a new stake in shares of Stagwell in the 4th quarter worth approximately $71,000. AXQ Capital LP bought a new stake in shares of Stagwell in the 3rd quarter worth approximately $53,000. Finally, Laurion Capital Management LP bought a new stake in shares of Stagwell in the 3rd quarter worth approximately $59,000. 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.