Jacobs Levy Equity Management Inc. Has $4.41 Million Holdings in Stagwell Inc. (NASDAQ:STGW)

Jacobs Levy Equity Management Inc. cut its position in Stagwell Inc. (NASDAQ:STGW) by 7.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 709,480 shares of the company’s stock after selling 56,916 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Stagwell were worth $4,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of STGW. Parkside Financial Bank & Trust acquired a new stake in shares of Stagwell during the 4th quarter valued at about $30,000. Quarry LP acquired a new position in shares of Stagwell during the fourth quarter worth approximately $56,000. Handelsbanken Fonder AB acquired a new position in shares of Stagwell during the fourth quarter worth approximately $71,000. TRUE Private Wealth Advisors acquired a new position in shares of Stagwell during the fourth quarter worth approximately $105,000. Finally, Victory Capital Management Inc. lifted its position in shares of Stagwell by 39.1% during the fourth quarter. Victory Capital Management Inc. now owns 17,093 shares of the company’s stock worth $113,000 after purchasing an additional 4,807 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on STGW shares. Benchmark upped their target price on shares of Stagwell from $6.50 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $7.50 price target on shares of Stagwell in a research note on Thursday, May 2nd. Rosenblatt Securities reissued a “buy” rating and set a $8.00 price target on shares of Stagwell in a research note on Monday, June 24th. The Goldman Sachs Group assumed coverage on shares of Stagwell in a research note on Tuesday, June 25th. They set a “neutral” rating and a $6.50 price target for the company. Finally, B. Riley upped their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Stagwell presently has an average rating of “Moderate Buy” and an average target price of $7.78.

Stagwell Stock Up 0.1 %

STGW traded up $0.01 during trading hours on Wednesday, hitting $6.72. 497,475 shares of the company’s stock were exchanged, compared to its average volume of 532,220. Stagwell Inc. has a 1-year low of $3.83 and a 1-year high of $7.25. The stock’s 50-day moving average is $6.82 and its two-hundred day moving average is $6.45. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -222.67 and a beta of 1.35. 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 (NASDAQ:STGW) last announced its earnings results on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $670.06 million for the quarter, compared to analyst estimates of $633.45 million. Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. Sell-side analysts predict that Stagwell Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Stagwell

In other Stagwell news, Director Bradley J. Gross sold 4,000,000 shares of the stock in a transaction 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 sale, the director now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.90% 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.