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

Stagwell Inc. (NASDAQ:STGW) has been given an average rating of “Moderate Buy” by the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.10.

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

Stagwell Stock Performance

Stagwell stock opened at $6.86 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. Stagwell has a 1-year low of $3.83 and a 1-year high of $7.50. The firm has a market capitalization of $1.85 billion, a P/E ratio of -228.67 and a beta of 1.34. The company’s 50-day moving average is $6.96 and its 200 day moving average is $6.69.

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

Hedge Funds Weigh In On Stagwell

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning boosted its stake in shares of Stagwell by 88.9% during the third quarter. Creative Planning now owns 40,074 shares of the company’s stock valued at $281,000 after purchasing an additional 18,863 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Stagwell during the third quarter valued at approximately $153,000. Quarry LP bought a new position in shares of Stagwell during the second quarter valued at approximately $29,000. Lighthouse Investment Partners LLC bought a new position in shares of Stagwell during the second quarter valued at approximately $2,316,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Stagwell by 16.1% in the second quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after acquiring an additional 4,961 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

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.