Stagwell Inc. (NASDAQ:STGW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Stagwell Inc. (NASDAQ:STGW) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.75.

Several research firms recently weighed in on STGW. Benchmark reiterated a “buy” rating and set a $8.50 price objective on shares of Stagwell in a research note on Wednesday, August 14th. Rosenblatt Securities reiterated a “buy” rating and set a $8.00 price target on shares of Stagwell in a research report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group assumed coverage on Stagwell in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $6.50 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Stagwell during the fourth quarter valued at $56,000. Swiss National Bank raised its position in shares of Stagwell by 3.8% during the 1st quarter. Swiss National Bank now owns 178,600 shares of the company’s stock worth $1,111,000 after buying an additional 6,500 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Stagwell by 11.3% in the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after acquiring an additional 92,154 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Stagwell by 6.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 294,957 shares of the company’s stock valued at $1,835,000 after acquiring an additional 17,153 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Stagwell by 8.4% during the first quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after acquiring an additional 452,874 shares during the period. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Trading Down 1.4 %

NASDAQ:STGW opened at $6.89 on Monday. Stagwell has a 52 week low of $3.83 and a 52 week high of $7.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The company has a market cap of $1.85 billion, a PE ratio of -229.67 and a beta of 1.34. The business’s 50 day moving average is $6.89 and its two-hundred day moving average is $6.68.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $671.20 million during the quarter, compared to analyst estimates of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. On average, analysts predict that Stagwell will post 0.59 EPS for the current year.

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.