Stagwell (NASDAQ:STGW) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Stagwell (NASDAQ:STGW) in a report issued on Monday morning, Benzinga reports. The firm currently has a $8.00 price objective on the stock.

STGW has been the topic of a number of other reports. B. Riley raised their price target on shares of Stagwell from $9.00 to $10.00 and gave the company a buy rating in a research report on Thursday, May 2nd. The Goldman Sachs Group started coverage on Stagwell in a report on Tuesday, June 25th. They issued a neutral rating and a $6.50 target price for the company. Benchmark dropped their price target on Stagwell from $9.00 to $8.50 and set a buy rating on the stock in a report on Monday. Finally, Needham & Company LLC reissued a buy rating and issued a $7.50 price objective on shares of Stagwell in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stagwell has a consensus rating of Moderate Buy and a consensus price target of $7.81.

Stagwell Trading Up 3.0 %

NASDAQ STGW opened at $6.26 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.59. Stagwell has a 52 week low of $3.83 and a 52 week high of $7.25. The business has a 50 day moving average price of $6.72 and a 200-day moving average price of $6.43. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -208.67 and a beta of 1.36.

Stagwell (NASDAQ:STGW) last posted its earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Stagwell had a positive return on equity of 6.92% and a negative net margin of 0.09%. The business had revenue of $671.20 million for the quarter, compared to the consensus estimate of $666.61 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that Stagwell will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Bradley J. Gross sold 4,000,000 shares of Stagwell stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the director now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC lifted its holdings in shares of Stagwell by 11.3% in the first quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after buying an additional 92,154 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Stagwell by 15.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,266,750 shares of the company’s stock valued at $134,369,000 after acquiring an additional 2,731,100 shares in the last quarter. Boston Partners bought a new stake in Stagwell during the 4th quarter worth approximately $12,842,000. CastleKnight Management LP raised its position in shares of Stagwell by 372.7% in the fourth quarter. CastleKnight Management LP now owns 1,467,760 shares of the company’s stock worth $9,731,000 after buying an additional 1,157,239 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Stagwell by 7.7% during the fourth quarter. Russell Investments Group Ltd. now owns 268,953 shares of the company’s stock valued at $1,783,000 after buying an additional 19,147 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.