Stagwell (NASDAQ:STGW) Reaches New 12-Month Low – Time to Sell?

Stagwell Inc. (NASDAQ:STGW)’s stock price hit a new 52-week low on Saturday . The company traded as low as $4.69 and last traded at $4.86, with a volume of 2638148 shares changing hands. The stock had previously closed at $4.99.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on STGW shares. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Stagwell in a report on Thursday, April 3rd. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $8.00 to $9.00 in a report on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Benchmark cut their target price on Stagwell from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.80.

Stagwell Stock Down 2.6 %

The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $6.42. The stock has a market cap of $1.30 billion, a P/E ratio of 243.00 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). Stagwell had a net margin of 0.01% and a return on equity of 8.03%. The company had revenue of $651.74 million during the quarter, compared to the consensus estimate of $686.46 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts predict that Stagwell Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Stagwell

A number of institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Stagwell by 0.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock worth $4,095,000 after buying an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company’s stock worth $322,000 after acquiring an additional 1,892 shares during the period. Ameriprise Financial Inc. raised its position in Stagwell by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after acquiring an additional 1,974 shares in the last quarter. Principal Financial Group Inc. raised its position in Stagwell by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after acquiring an additional 2,378 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Stagwell by 2.1% in the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company’s stock valued at $1,188,000 after acquiring an additional 3,653 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.