Caldwell Sutter Capital Inc. Sells 3,000 Shares of Stagwell Inc. (NASDAQ:STGW)

Caldwell Sutter Capital Inc. lowered its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,200 shares of the company’s stock after selling 3,000 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Stagwell were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STGW. Allspring Global Investments Holdings LLC lifted its stake in shares of Stagwell by 10.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 434,476 shares of the company’s stock valued at $2,881,000 after acquiring an additional 40,516 shares during the period. Cerity Partners LLC acquired a new stake in shares of Stagwell in the 4th quarter valued at approximately $448,000. Handelsbanken Fonder AB acquired a new position in Stagwell during the fourth quarter valued at approximately $71,000. Foundry Partners LLC increased its stake in Stagwell by 7.7% in the fourth quarter. Foundry Partners LLC now owns 819,016 shares of the company’s stock valued at $5,430,000 after purchasing an additional 58,218 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in Stagwell in the fourth quarter worth $30,000. 35.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on STGW. Benchmark restated a “buy” rating and set a $8.50 target price on shares of Stagwell in a report on Wednesday, August 14th. B. Riley lifted their price target on Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group started coverage on Stagwell in a research report on Tuesday, June 25th. They set a “neutral” rating and a $6.50 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $8.00 target price on shares of Stagwell in a report on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.79.

Stagwell Price Performance

STGW stock traded up $0.23 during mid-day trading on Wednesday, hitting $6.92. The stock had a trading volume of 408,680 shares, compared to its average volume of 544,879. The firm has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $6.42. The firm has a market capitalization of $1.86 billion, a P/E ratio of -230.67 and a beta of 1.36. Stagwell Inc. has a 52 week low of $3.83 and a 52 week high of $7.25. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.59.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $671.20 million for the quarter, compared to the consensus estimate of $666.61 million. Stagwell had a negative net margin of 0.09% and a positive return on equity of 6.92%. Stagwell’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. As a group, research analysts forecast that Stagwell Inc. will post 0.61 EPS for the current year.

Insider Transactions at Stagwell

In related news, Director Bradley J. Gross sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the director now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.