Stagwell Inc. (NASDAQ:STGW) Given Average Rating of “Moderate Buy” by Brokerages

Stagwell Inc. (NASDAQ:STGW) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.15.

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price target on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a report on Friday, November 7th. Seaport Res Ptn upgraded Stagwell to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Stagwell in a report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Stagwell in a research note on Monday. Finally, Wall Street Zen cut Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

Hedge Funds Weigh In On Stagwell

Several hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in Stagwell during the 3rd quarter worth approximately $47,000. Parkside Financial Bank & Trust increased its position in shares of Stagwell by 43.0% during the second quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock worth $45,000 after acquiring an additional 3,003 shares during the period. Vident Advisory LLC acquired a new stake in shares of Stagwell in the first quarter valued at $64,000. Tower Research Capital LLC TRC raised its stake in shares of Stagwell by 311.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock valued at $49,000 after acquiring an additional 8,170 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Stagwell by 51.6% in the second quarter. Ameritas Investment Partners Inc. now owns 11,790 shares of the company’s stock valued at $53,000 after purchasing an additional 4,013 shares during the period. 35.61% of the stock is owned by hedge funds and other institutional investors.

Stagwell Stock Performance

NASDAQ STGW opened at $5.62 on Friday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 93.67 and a beta of 1.66. The stock has a 50-day moving average of $5.17 and a 200 day moving average of $5.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.98. Stagwell has a twelve month low of $4.03 and a twelve month high of $7.96.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $743.00 million during the quarter, compared to analysts’ expectations of $743.11 million. Stagwell had a return on equity of 15.31% and a net margin of 0.68%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Sell-side analysts anticipate that Stagwell will post 0.59 EPS for the current fiscal year.

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.