Needham & Company LLC Issues Positive Forecast for Stagwell (NASDAQ:STGW) Stock Price

Stagwell (NASDAQ:STGW) had its target price hoisted by Needham & Company LLC from $6.36 to $7.25 in a report issued on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

STGW has been the topic of several other research reports. Rosenblatt Securities cut their target price on Stagwell from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Zacks Research upgraded shares of Stagwell from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Wall Street Zen lowered shares of Stagwell from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Morgan Stanley lowered their target price on shares of Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Stagwell in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Stagwell presently has an average rating of “Hold” and a consensus price target of $8.15.

Stagwell Trading Down 14.2%

STGW stock traded down $0.80 during trading on Friday, hitting $4.82. The company had a trading volume of 4,784,834 shares, compared to its average volume of 1,405,666. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.90. Stagwell has a 12 month low of $4.03 and a 12 month high of $8.18. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 80.33 and a beta of 1.51. The firm has a 50-day moving average price of $5.25 and a 200-day moving average price of $5.13.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The business had revenue of $743.00 million during the quarter, compared to the consensus estimate of $743.11 million. During the same period in the previous year, the firm posted $0.22 earnings per share. Stagwell’s revenue for the quarter was up 4.5% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, analysts predict that Stagwell will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Stagwell

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Stagwell by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,736,644 shares of the company’s stock worth $9,777,000 after purchasing an additional 644,654 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Stagwell by 3.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 68,821 shares of the company’s stock worth $387,000 after buying an additional 2,118 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Stagwell during the third quarter worth $47,000. SG Americas Securities LLC bought a new stake in Stagwell during the third quarter worth $176,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Stagwell by 108.1% in the third quarter. KLP Kapitalforvaltning AS now owns 33,300 shares of the company’s stock valued at $187,000 after acquiring an additional 17,300 shares during the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Company Profile

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.