Stagwell Inc. (NASDAQ:STGW – Get Free Report)’s stock price reached a new 52-week high on Friday. The stock traded as high as $11.35 and last traded at $11.3250, with a volume of 1,588,521 shares changing hands. The stock had previously closed at $10.83.
Analyst Ratings Changes
STGW has been the subject of a number of analyst reports. B. Riley Financial restated a “buy” rating and issued a $12.00 price target (up from $10.00) on shares of Stagwell in a research report on Friday, October 30th. Wells Fargo & Company boosted their price objective on shares of Stagwell from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Wall Street Zen downgraded shares of Stagwell from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. The Goldman Sachs Group assumed coverage on shares of Stagwell in a report on Monday, October 5th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Weiss Ratings raised shares of Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.
View Our Latest Research Report on STGW
Stagwell Stock Performance
The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $2.79 billion, a PE ratio of 285.35 and a beta of 1.23. The firm has a fifty day moving average price of $8.88 and a two-hundred day moving average price of $7.27.
Stagwell (NASDAQ:STGW – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Stagwell had a return on equity of 29.37% and a net margin of 0.31%. The business had revenue of $816.03 million for the quarter, compared to analyst estimates of $838.38 million. During the same quarter last year, the firm posted $0.24 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Research analysts expect that Stagwell Inc. will post 0.92 EPS for the current year.
Insider Activity at Stagwell
In related news, Director Desiree Rogers sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total value of $129,360.00. Following the transaction, the director owned 202,984 shares of the company’s stock, valued at $2,188,167.52. This trade represents a 5.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Stagwell in the second quarter valued at about $52,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Stagwell in the third quarter worth about $87,000. Tidal Investments LLC bought a new position in Stagwell during the 2nd quarter worth about $117,000. Headlands Technologies LLC bought a new position in Stagwell during the 2nd quarter worth about $141,000. Finally, Pictet Asset Management Holding SA grew its holdings in 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. Institutional investors own 35.61% of the company’s stock.
Stagwell Company Profile
Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.
The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.
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