Jefferies Financial Group Inc. Takes $69,000 Position in Stagwell Inc. $STGW

Jefferies Financial Group Inc. purchased a new position in shares of Stagwell Inc. (NASDAQ:STGW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,349 shares of the company’s stock, valued at approximately $69,000.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in Stagwell by 11.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,663 shares of the company’s stock worth $88,000 after buying an additional 2,066 shares in the last quarter. Swiss National Bank lifted its position in shares of Stagwell by 1.5% in the first quarter. Swiss National Bank now owns 178,100 shares of the company’s stock valued at $1,078,000 after acquiring an additional 2,600 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Stagwell by 43.0% in 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 last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Stagwell by 4.1% in the second quarter. Coldstream Capital Management Inc. now owns 77,890 shares of the company’s stock worth $351,000 after acquiring an additional 3,070 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Stagwell by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,193 shares of the company’s stock worth $316,000 after purchasing an additional 3,249 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Price Performance

Stagwell stock opened at $5.37 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. The company has a 50-day moving average price of $5.17 and a 200 day moving average price of $5.09. Stagwell Inc. has a 12-month low of $4.03 and a 12-month high of $8.18. The stock has a market cap of $1.35 billion, a P/E ratio of 89.50 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 negative net margin of 0.06% and a positive return on equity of 14.54%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Sell-side analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STGW. Needham & Company LLC raised their price objective on Stagwell from $6.36 to $7.25 and gave the company a “buy” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Stagwell from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Rosenblatt Securities cut their price objective on shares of Stagwell from $10.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Seaport Res Ptn upgraded Stagwell to a “strong-buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.15.

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.