Wall Street Zen upgraded shares of Stagwell (NASDAQ:STGW – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.
Several other analysts also recently commented on STGW. Weiss Ratings upgraded shares of Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Needham & Company LLC upped their target price on shares of Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Rosenblatt Securities upped their target price on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. B. Riley Financial increased their price target on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.60.
View Our Latest Stock Report on Stagwell
Stagwell Trading Down 1.2%
Stagwell (NASDAQ:STGW – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Stagwell had a net margin of 0.53% and a return on equity of 27.30%. The company had revenue of $786.31 million for the quarter, compared to analysts’ expectations of $754.56 million. During the same quarter last year, the business earned $0.17 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, research analysts predict that Stagwell will post 0.92 earnings per share for the current year.
Insider Activity
In other news, insider Frank Lanuto sold 62,000 shares of Stagwell stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $8.46, for a total transaction of $524,520.00. Following the sale, the insider owned 491,977 shares in the company, valued at $4,162,125.42. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Stagwell
Several institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC raised its stake in Stagwell by 186.2% during the fourth quarter. Clearstead Advisors LLC now owns 7,020 shares of the company’s stock valued at $34,000 after purchasing an additional 4,567 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Stagwell by 34.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after buying an additional 5,155 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Stagwell in the 2nd quarter worth $52,000. Tidal Investments LLC bought a new stake in shares of Stagwell in the 2nd quarter worth about $117,000. Finally, Headlands Technologies LLC bought a new stake in shares of Stagwell in the 2nd quarter worth about $141,000. 35.61% of the stock is owned by hedge funds and other institutional investors.
About Stagwell
Stagwell Inc is a global marketing and communications network that provides advertising, public relations, media, digital transformation, consumer research and strategic consulting services. Through its network of agencies, the company helps brands develop marketing strategies, create content, engage audiences and use technology and data to support business growth.
Stagwell’s businesses serve clients across industries and include capabilities such as creative advertising, media planning and buying, public affairs, healthcare communications, brand strategy, digital product development and market research.
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