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

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.06.

A number of brokerages recently weighed in on STGW. TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a report on Thursday, May 2nd. B. Riley lifted their price objective on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Benchmark lifted their price objective on shares of Stagwell from $6.50 to $9.00 and gave the company a “buy” rating in a report on Thursday, May 2nd.

Institutional Investors Weigh In On Stagwell

A number of hedge funds and other institutional investors have recently bought and sold shares of STGW. Hotchkis & Wiley Capital Management LLC lifted its position 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 during the last quarter. Boston Partners purchased a new stake in Stagwell during the fourth quarter valued at approximately $12,842,000. CastleKnight Management LP lifted its position in Stagwell by 372.7% during the fourth quarter. CastleKnight Management LP now owns 1,467,760 shares of the company’s stock valued at $9,731,000 after acquiring an additional 1,157,239 shares during the last quarter. My Personal CFO LLC lifted its position in Stagwell by 153.5% during the fourth quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock valued at $8,841,000 after acquiring an additional 807,505 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in Stagwell during the third quarter valued at approximately $3,568,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Price Performance

STGW stock opened at $6.40 on Tuesday. Stagwell has a 12 month low of $3.83 and a 12 month high of $8.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.59. The company has a 50-day moving average price of $6.49 and a 200 day moving average price of $6.27. The stock has a market cap of $1.72 billion, a PE ratio of -213.33 and a beta of 1.29.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. The firm had revenue of $670.06 million for the quarter, compared to analysts’ expectations of $633.45 million. Equities research analysts anticipate that Stagwell will post 0.72 earnings per share for the current 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.