Stagwell Inc. (NASDAQ:STGW – Get Free Report) shares rose 5.5% on Tuesday. The company traded as high as $9.26 and last traded at $9.3450. Approximately 248,429 shares were traded during trading, a decline of 84% from the average session volume of 1,593,704 shares. The stock had previously closed at $8.86.
Wall Street Analysts Forecast Growth
STGW has been the topic of several research reports. Weiss Ratings upgraded Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Rosenblatt Securities upped their target price on Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company increased their price target on Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen downgraded Stagwell from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Finally, Needham & Company LLC raised their price target on Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.17.
Check Out Our Latest Research Report on STGW
Stagwell Trading Down 3.8%
Stagwell (NASDAQ:STGW – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $786.31 million during the quarter, compared to the consensus estimate of $754.56 million. Stagwell had a net margin of 0.53% and a return on equity of 27.30%. Stagwell’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, equities research analysts expect that Stagwell Inc. 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 on Friday, July 31st. The stock was sold at an average price of $8.46, for a total value of $524,520.00. Following the transaction, the insider directly owned 491,977 shares in the company, valued at approximately $4,162,125.42. This trade represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.20% of the company’s stock.
Institutional Investors Weigh In On Stagwell
A number of institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Stagwell in the 2nd quarter valued at about $52,000. Tidal Investments LLC purchased a new position in shares of Stagwell in the 2nd quarter worth approximately $117,000. Headlands Technologies LLC bought a new position in shares of Stagwell during the 2nd quarter worth approximately $141,000. Pictet Asset Management Holding SA raised its stake in shares of Stagwell by 34.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after acquiring an additional 5,155 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in shares of Stagwell during the 2nd quarter worth approximately $238,000. Institutional investors own 35.61% of the company’s stock.
About Stagwell
Stagwell Inc (NASDAQ: STGW) is a global marketing and communications network that provides services to businesses, government organizations and other institutions. The company combines creative, media, digital transformation, public relations, strategic consulting, consumer insights and data-driven marketing capabilities through a network of specialized agencies.
Its services include brand strategy and development, advertising, media planning and buying, public affairs, corporate communications, public relations, social media, technology consulting, website and product design, customer experience and analytics.
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