Stagwell (NASDAQ:STGW) Earns “Buy” Rating from Rosenblatt Securities

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They currently have a $9.00 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 68.22% from the stock’s current price.

STGW has been the topic of several other research reports. Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Stagwell in a report on Monday, November 24th. Needham & Company LLC raised their price target on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Wall Street Zen cut shares of Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Seaport Res Ptn raised shares of Stagwell to a “strong-buy” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.15.

Stagwell Stock Performance

Stagwell stock opened at $5.35 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.86. Stagwell has a 1-year low of $4.03 and a 1-year high of $8.11. The firm has a market capitalization of $1.35 billion, a P/E ratio of 89.17 and a beta of 1.65. The company’s 50-day moving average is $5.17 and its 200 day moving average is $5.09.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The business had revenue of $743.00 million during the quarter, compared to analyst estimates of $743.11 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Research analysts forecast that Stagwell will post 0.59 EPS for the current year.

Institutional Trading of Stagwell

A number of hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of Stagwell by 11.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,663 shares of the company’s stock valued at $88,000 after acquiring an additional 2,066 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of Stagwell by 3.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 68,821 shares of the company’s stock worth $387,000 after purchasing an additional 2,118 shares during the last quarter. Swiss National Bank boosted its position in Stagwell by 1.5% during the first quarter. Swiss National Bank now owns 178,100 shares of the company’s stock valued at $1,078,000 after purchasing an additional 2,600 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Stagwell by 43.0% in the second quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock valued at $45,000 after purchasing an additional 3,003 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Stagwell by 4.1% during the second quarter. Coldstream Capital Management Inc. now owns 77,890 shares of the company’s stock valued at $351,000 after buying an additional 3,070 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.